Atlantis Corporation has 18,000 shares of 10%, $82 par norcumulative preferred stock outstanding and 27 00...

 

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Atlantis Corporation has 18,000 shares of 10%, $82 par norcumulative preferred stock outstanding and 27 00 shares of no-par common stock outstanding. At the end of the current year, the corporation declares dividend $185,000. How is the dividend allocated between preferred and common stockholders O The dividend is allocated $5,600 to preferred stockholders and $111,000 to common stockholders The dividend is allocated $147.600 to preferred stockholders and $37 400 to common stockholders O The dividendes allocated $74,000 to preferred stockholders and $111,000 to common stockholders. The dividend is allocated $221,400 to preferred stockholders and $36.400 to common stockholders Atlantis Corporation has 18,000 shares of 10%, $82 par norcumulative preferred stock outstanding and 27 00 shares of no-par common stock outstanding. At the end of the current year, the corporation declares dividend $185,000. How is the dividend allocated between preferred and common stockholders O The dividend is allocated $5,600 to preferred stockholders and $111,000 to common stockholders The dividend is allocated $147.600 to preferred stockholders and $37 400 to common stockholders O The dividendes allocated $74,000 to preferred stockholders and $111,000 to common stockholders. The dividend is allocated $221,400 to preferred stockholders and $36.400 to common stockholders

Answer rating: 100% (QA)

Total dividend 185000 Preferred stock divide... View the full answer