Question: Northshore, Inc. has 1 , 5 0 0 , 0 0 0 shares of $ 1 par value common stock and 7 5 , 0

Northshore, Inc. has 1,500,000 shares of $1 par value common stock and 75,000 shares of $10 par value, 4%, cumulative preferred stock outstanding. Dividends on the preferred stock are one year in arrears. Assuming that Northshore wishes to distribute $270,000 as dividends, the common stockholders will receive
$210,000.
$60,000.
$110,000.
$160,000.
Northshore, Inc. has 1,500,000 shares of $1 par value common stock

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