Bramble, Inc. has 11800 shares of 5%, $100 par value, noncumulative preferred stock and 236000 shares of $1 par value common stock outstanding at December 31, 2020. There were no dividends declared in 2019. The board of directors declares and pays a $65100 dividend in 2020. What is the amount of dividends received by the common stockholders in 2020? $65100 O $0 $6100 $59000

Bramble, Inc. has 11800 shares of 5%, $100 par value, noncumulative preferred stock and 236000 shares of $1 par value common stock outstanding at December 31, 2020. There were no dividends declared in 2019. The board of directors declares and pays a $65100 dividend in 2020. What is the amount of dividends received by the common stockholders in 2020? $65100 O $0 $6100 $59000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question-based on, "Common stockholders".

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Any help would be appreciated.

Bramble, Inc. has 11800 shares of 5%, $100 par value, noncumulative preferred stock and 236000
shares of $1 par value common stock outstanding at December 31, 2020. There were no dividends
declared in 2019. The board of directors declares and pays a $65100 dividend in 2020. What is the
amount of dividends received by the common stockholders in 2020?
$65100
$0
O $6100
O $59000

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