Testbank Multiple Choice Question 71

Presented below is information related to Bonita Industries:

Common Stock, $1 par	$3420000
Paid-in Capital in Excess of ParCommon Stock	546000
Preferred 8 1/2% Stock, $50 par	1990000
Paid-in Capital in Excess of ParPreferred Stock	419000
Retained Earnings	1600000
Treasury Common Stock (at cost)	149000

The total stockholders' equity of Bonita Industries is

$6375000.

$7826000.

$7975000.

$6226000.

Testbank Multiple Choice Question 87

Bramble Corp., has 5000 shares of 4%, $50 par value, cumulative preferred stock and 100000 shares of $1 par value common stock outstanding at December 31, 2021, and December 31, 2020. The board of directors declared and paid an $7900 dividend in 2020. In 2021, $38200 of dividends are declared and paid. What are the dividends received by the preferred stockholders in 2021?

$20000

$27900

$12100

$10000