Rhubarb Corporation's outstanding stock is 100 shares of $100, 11% cumulative nonparticipating preferred stock and 2,000 shares of $12 par value common stock. Rhubarb paid $1,600 cash dividends during the year. Common stockholders received:
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Rhubarb Corporation's outstanding stock is 100 shares of $100, 11% cumulative nonparticipating preferred stock and 2,000 shares of $12 par value common stock. Rhubarb paid $1,600 cash dividends during the year. Common stockholders received:
So what is the question. PS we don't do homework.
Would the common stockholder receive $1100?Quote:
Originally Posted by ma0641
Ordinary shares receive nothing because Preferred stock is entitled to 2000 x $12=$24,000 x 11%= 2,640. $1600 will be paid to preferred stockholders
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