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$1$

$1\mathrm{.}25$

points

At the beginning of $2022.$ Emily Corporation issued $10,000$ shares of $$100$ par, $5\%,$ cumulative, preferred stock for $$110$ per share. No dividends have been paid to preferred or common shareholders. What amount of dividends will a preferred shareholder owning $100$ shares receive in $2024$ if Emily pays $$1,000,000$ in dividends?

Multiple Choice

$$1,500$

$$500$

$$1,650$

$$10,000$

$2$

The shareholders' equity of HS Corporation includes $$300,000$ of $$1$ par common stock and $$600,000$ par of

$1\mathrm{.}25$

points $6\%$ cumulative preferred stock. The board of directors of HS declared cash dividends of $$70,000$ in $2024$ after paying $$30,000$ cash dividends in $2023$ and $$50,000$ in $2022.$

eBook

Required:

References

What is the amount of dividends common shareholders will receive in $2024?$

Dividends in $2024$

The shareholders' equity of Green Corporation includes $$200,000$ of $$1$ par common stock and $$400,000$ par of $6\%$ cumulative preferred stock. The

$1\mathrm{.}25$

points

$$

eBook

References

Multiple Choice

$$26,000$

$$32\mathrm{.}000$

$$28\mathrm{.}000$

$$18,000$

$4$

The shareholders' equity of Tru Corporation includes $$600,000$ of $$1$ par common stock and $$1,200,000$ par of

$1\mathrm{.}256\%$ cumulative preferred stock. The board of directors of Tru declared cash dividends of $$150,000$ in $2024$ after paying $$60,000$ cash dividends in each of $2023$ and $2022.$

Required:

What is the amount of dividends common shareholders will receive in $2024?$

Dividends in $2024$