Healthy Farmer, Inc. has 42,000 shares of common stock outstanding and 10,000 shares of preferred stock outstanding. The common stock is .07 par value; the preferred stock is 4% noncumulative with a $100.00 par value. On October 15, 2019, the company declares a total dividend payment of $41,000. What is the total amount of dividends that will be paid to the common stockholders.

Answer rating: 100% (QA)

Preferred stock holders get priority when dividend is issued The dividend is ... View the full answer