Marion, Inc. has 5,000 shares of 5%, $100 par value, noncumulative preferred stock and 20,000 shares of $1 par value common stock outstanding at December 31, 2021. There were no dividends declared in 2020. The board of directors declares and pays a $65,000 dividend in 2021. What is the amount of dividends received by the common stockholders in 2021? O so $65,000 O $40,000 $25,000
Marion, Inc. has 5,000 shares of 5%, $100 par value, noncumulative preferred stock and 20,000 shares of $1 par value common stock outstanding at December 31, 2021. There were no dividends declared in 2020. The board of directors declares and pays a $65,000 dividend in 2021. What is the amount of dividends received by the common stockholders in 2021? O so $65,000 O $40,000 $25,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![QUESTION 20
Marion, Inc. has 5,000 shares of 5%, $100 par value, noncumulative preferred stock and 20,000 shares of $1 par value common stock outstanding
at December 31, 2021. There were no dividends declared in 2020. The board of directors declares and pays a $65,000 dividend in 2021. What is the
amount of dividends received by the common stockholders in 2021?
$0
$65,000
$40.000
$25,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ffb04437b-3f7e-4496-ba03-3a7f713d70b1%2F4f802f2b-fb6b-4e34-b757-0e55a1468475%2F9xpxn3w_processed.png&w=3840&q=75)
Transcribed Image Text:QUESTION 20
Marion, Inc. has 5,000 shares of 5%, $100 par value, noncumulative preferred stock and 20,000 shares of $1 par value common stock outstanding
at December 31, 2021. There were no dividends declared in 2020. The board of directors declares and pays a $65,000 dividend in 2021. What is the
amount of dividends received by the common stockholders in 2021?
$0
$65,000
$40.000
$25,000
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