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Determine the amount of dividend paid to common stockholder

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Reference no: EM132493947

Question 1: A company's stockholder's equity section consisted of 50,000 shares of 4%,$50 par cumulative preferred stock outstanding and 150,000 shares of $1 par common stock outstanding. The company has declared and paid dividends as follows:
2006: $35,000;

2007: $0;

2008: $75,000;

2009:$300,000.

Determine the amount of dividend paid to Common Stockholders in 2009.

a. $0
b. $10,000
c. $175,000
d. $200,000

Reference no: EM132493947

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