Tony Stark Enterprises has the following stock outstanding reported on its year end 2020 Balance Sheet:

8% cumulative preferred stock par $ 20 $ 1,500,000

Common stock par $0.01 $ 200,000

Common Stock paid in Capital in Excess of Par $ 312,570,000

In 2021, the firm paid $1,000,000 in dividends. $100,000 in dividends were paid in 2020 and no dividends were paid at all in 2019. Prior to 2019 no dividends were in arrears. What should be the dollar amount of dividends paid to the Common Stockholders in 2021?

Answer rating: 100% (QA)

Heres how to determine the dollar amount of dividends paid to the Common Stockholders in 2021 1 Calc... View the full answer