Accounting MCQ
Shareholder's Equity
The shareholders' equity of Red Corporation includes $200,000 of $1 par common stock and $400,000 of 6% cumulative preferred stock. The board of directors of Green declared cash dividends of $50,000 in 2011 after paying $20,000 cash dividends in 2010 and $40,000 in 2009. What is the amount of dividends common shareholders will receive in 2011?
The shareholders' equity of Red Corporation includes $200,000 of $1 par common stock and $400,000 of 6% cumulative preferred stock. The board of directors of Green declared cash dividends of $50,000 in 2011 after paying $20,000 cash dividends in 2010 and $40,000 in 2009. What is the amount of dividends common shareholders will receive in 2011?
The shareholders' equity of Red Corporation includes $200,000 of $1 par common stock and $400,000 of 6% cumulative preferred stock. The board of directors of Green declared cash dividends of $50,000 in 2011 after paying $20,000 cash dividends in 2010 and $40,000 in 2009. What is the amount of dividends common shareholders will receive in 2011?
A. $18,000.
B. $22,000.
C. $26,000.
D. $28,000.
Answer: B
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