What is the amount of dividends common shareholders

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Reference no: EM13951418

The shareholders' equity of Bill Corporation includes $200,000 of $1 par common stock and $400,000 of 6% cumulative preferred stock.

The preferred stock was issued at par.

The board of directors of Bill declared cash dividends of $50,000 in 2014 after paying $20,000 cash dividends in 2013 and $40,000 in 2012.

What is the amount of dividends common shareholders will receive in 2014?

Reference no: EM13951418

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