M-Bot Corporation has 10,000 shares of 8%, $100 par value, cumulative preferred stock outstanding at December 31,

Question:

M-Bot Corporation has 10,000 shares of 8%, $100 par value, cumulative preferred stock outstanding at December 31, 2014. No dividends were declared in 2012 or 2013. If M-Bot wants to pay $375,000 of dividends in 2014, common stockholders will receive:

(a) $0.

(b) $295,000.

(c) $215,000.

(d) $135,000.

Fantastic news! We've Found the answer you've been seeking!