Johnsons Corporation has 10,000 shares of 2%, $10 par cumulative preferred stock and 45,000 shares of common
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Johnson’s Corporation has 10,000 shares of 2%, $10 par cumulative preferred stock and 45,000 shares of common stock outstanding. Johnson declared no dividends in 2013. In 2014, Johnson declares a total dividend of $54,000. How much of the dividends go to the common stockholders?
Related Book For
Advanced Financial Accounting
ISBN: 978-0132928939
7th edition
Authors: Thomas H. Beechy, V. Umashanker Trivedi, Kenneth E. MacAulay
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