Question: Multiple Choice Question 115 Bramble Corp. has outstanding 605000 shares of $2 par common stock and 125000 shares of no-par 5% preferred stock with a

Multiple Choice Question 115

Bramble Corp. has outstanding 605000 shares of $2 par common stock and 125000 shares of no-par 5% preferred stock with a stated value of $5. The preferred stock is cumulative and nonparticipating. Dividends have been paid in every year except the past two years and the current year.

Assuming that $234000 will be distributed as a dividend in the current year, how much will the common stockholders receive?

$171500.

$202750.

Zero.

$140250.

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