Kingdom Corporation has the following.  Preferred stock, $10 par value, 9%, 50,000 shares issued  In 2020, The company declared and paid $30,000 of cash dividends.  $50 - Common stock, $15 par value, 300,000 shares issued and outstanding $4,  In 2021. The company declared and paid $150,000 of cash dividend.  Required: How much is the TOTAL cash dividends that will be distribu preferred stock is cumulative

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A: Answer

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Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.