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    Student2014's Avatar
    Student2014 Posts: 2, Reputation: 1
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    #1

    Mar 9, 2014, 07:21 PM
    Accounting
    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:
    ma0641's Avatar
    ma0641 Posts: 15,675, Reputation: 1012
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    #2

    Mar 9, 2014, 07:27 PM
    So what is the question. PS we don't do homework.
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    Student2014 Posts: 2, Reputation: 1
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    #3

    Mar 9, 2014, 07:31 PM
    Quote Originally Posted by ma0641 View Post
    So what is the question. PS we don't do homework.
    Would the common stockholder receive $1100?
    rehmanvohra's Avatar
    rehmanvohra Posts: 739, Reputation: 27
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    #4

    Mar 9, 2014, 10:12 PM
    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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