Dividends received through the preferred stockholders

Reference no: EM13157239

Luther Inc., has 2,000 shares of 6%, $50 par value, cumulative preferred stock and 100,000 shares of $1 par value common stock outstanding at December 31, 2011, and December 31, 2010. The board of directors declared and paid a $5,000 dividend in 2010. In 2011, $24,000 of dividends are declared and paid. What are the dividends received by the preferred stockholders in 2011?

Reference no: EM13157239

Questions Cloud

Reported in consolidated balance sheet : Tanner Company was acquired for cash in a transaction that created goodwill. At what amounts will the building and land be reported in the consolidated balance sheet immediately following the purchase?

Determine which is the non aqueous layer : a.) Can you be certain that the organic layer would from the upper layer? Eplain in details. b.) How could you test to determine which is the non aqueous layer? Explain in details.

What are the percentage increases in the price of food : What are the percentage increases in the price of food and in the price of clothing and what is the percentage increase in the CPI?

Find probability that eight have relief within a few minutes : A group of 12 patients are given the medicine. If the claim is true, what is the probability that 8 have relief within a few minutes?

Dividends received through the preferred stockholders : The board of directors declared and paid a $5,000 dividend in 2010. In 2011, $24,000 of dividends are declared and paid. What are the dividends received by the preferred stockholders in 2011?

Calculate the specific heat of a metallic element : calculate the specific heat of a metallic element if 478 J of energy are needed to raise the temp. of a 82.73 g sample from 25.0 C to 50.0 C. what is the most likely identity of the element

A competition-based pricing strategy : A competition-based pricing strategy in which all the competitors in an industry follow the pricing practices of one or more dominant firms is known as?

Recession general consequences from academic articles : Recession general consequences from academic articles or books and recession consequences from academic articles, books or UAE related official websites such as newspapers or journals

Probability of selecting ten production employee in summer : What is the probability of selecting 10 production employee at random on a hot summer day and finding that none of them are absent.

User Account

All Pages