[desire197]

Outstanding stock of the colt coproation included 20,000 shares of $5 par common stock and 5,000 shares of 5% $10par noncumulative preferred stock. In 2009, colt declared and paid dividends of $2,000 in 2010, colt declared and paid dividends of $6,000. How much of the 2010 dividend was distributed to preferred shareholders?

[desire197]

Colt corporation included 20,000 shars of $5 par common stock and 5,000 shares of 5%, $10 par nonculative preferred stock declared and paid dividiends of $2,000 & $6,000 how much dividend was distributed to preferred shareholders?

[pready]

Dividends paid to preferred stockholders = par value of preferred stock or $10 * 5% * number of preferred shares outstanding.