How much of the dividends go to the common stockholders

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Reference no: EM131820206

Question: Winston Corporation has 9,000 shares of 4%, $10 par cumulative preferred stock and 47,000 shares of common stock outstanding. Winston declared no dividends in 2015 and had no dividends in arrears prior to 2015. In 2016, Winston declares a total dividend of $54,000. How much of the dividends go to the common stockholders?

Reference no: EM131820206

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