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@ ezto.mheducation.com Ta ele yaaa 3) 74 y rin of (M) Question 12 - Chapter 11 Quiz - Connect Help Save Exit Submit =? Saved Chapter 11 Quiz @ 12 Colliers, Incorporated, has 100,000 shares of cumulative preferred stock outstanding. The preferred stock pays dividends in the amount of $3 per share, but because of cash flow problems, the company did not pay any dividends last year. The board of directors plans to pay dividends in the amount of $900,000 this year. Required: 4. What amount will go to preferred stockholders? 2. How much will be available for common stock dividends? 1. Dividend Payment to Preferred Stockholders 2. Dividend Payment to Common Stockholders Next a