From the following, calculate the dividends for common and preferred stock: 8% fully participating preferred stock.

Question:

From the following, calculate the dividends for common and preferred stock:

• 8% fully participating preferred stock.

• The board declared a $210,000 dividend.

• Preferred stock 5,000 shares, $50 par value; common stock 10,000 shares, $100 par.

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...