Pharoah  corporation  issued $117000 shares of $19 par value cumulative, 7% preferred stock on January  1,2021 for $2530000 in December  2023 pharoah  declared  its first dividend  of $840000 if the preferred  stock is not cumulative  how much of the $840000 would be paid to common  stockholders? Common  stock  dividends

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A: Answer:   $464,000

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Q: Ni.8

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A: Note: Hi! Thank you for the question, As per the honor code, we are allowed to answer three…

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