Madison Co. paid dividends of $3,000; $6,000; and $10,000 during 2012, 2013 and 2014 respectively. The company had 500 shares of preferred stock outstanding with a $10 per share cumulative dividend. The amount of dividends received by the common shareholders during 2014 would be:

A.

$6,000.

B.

$5,000.

C.

$3,000.

D.

$4,000.

Answer rating: 100% (QA)

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