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Corporation's December 31, balance sheet showed the following: 7% preferred stock, $20 par value, 56000 shares authorized; 51000 shares issued Common stock, $10 par value, 2100000 shares authorized; 2050000 shares issued, 2015400 shares outstanding Paid-in capital in excess of par-preferred stock Paid-in capital in excess of par-common stock Retained earnings Treasury stock (34600 shares) $ 1020000 20500000 86600 27080000 7540000 651000 Oriole declared and paid a $76200 cash dividend on December 15, 2020. What amount of dividends did Oriole's common stockholders receive?

Corporation's December 31, balance sheet showed the following: 7% preferred stock, $20 par value, 56000 shares authorized; 51000 shares issued Common stock, $10 par value, 2100000 shares authorized; 2050000 shares issued, 2015400 shares outstanding Paid-in capital in excess of par-preferred stock Paid-in capital in excess of par-common stock Retained earnings Treasury stock (34600 shares) $ 1020000 20500000 86600 27080000 7540000 651000 Oriole declared and paid a $76200 cash dividend on December 15, 2020. What amount of dividends did Oriole's common stockholders receive?

FINANCIAL ACCOUNTING
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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Oriole Corporation's December 31, 2020 balance sheet showed the following: 7% preferred stock, $20 par value, 56000 shares authorized; 51000 shares issued Common stock, $10 par value, 2100000 shares authorized; 2050000 shares issued, 2015400 shares outstanding Paid-in capital in excess of par-preferred stock Paid-in capital in excess of par-common stock Retained earnings Treasury stock (34600 shares) $ 1020000 20500000 86600 27080000 7540000 651000 Oriole declared and paid a $76200 cash dividend on December 15, 2020. What amount of dividends did Oriole's common stockholders receive?
Transcribed Image Text:Oriole Corporation's December 31, 2020 balance sheet showed the following: 7% preferred stock, $20 par value, 56000 shares authorized; 51000 shares issued Common stock, $10 par value, 2100000 shares authorized; 2050000 shares issued, 2015400 shares outstanding Paid-in capital in excess of par-preferred stock Paid-in capital in excess of par-common stock Retained earnings Treasury stock (34600 shares) $ 1020000 20500000 86600 27080000 7540000 651000 Oriole declared and paid a $76200 cash dividend on December 15, 2020. What amount of dividends did Oriole's common stockholders receive?
O $4800. O $76200. O $0. O $127400.
Transcribed Image Text:O $4800. O $76200. O $0. O $127400.
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