Sunland Inc., has 1400 shares of 6%, $50 par value, cumulative preferred stock and 49146 shares of $1 par value common stock outstanding at December 31, 2020, and December 31, 2021. The board of directors declared and paid a $1500 dividend in 2020. In 2021, $9700 of dividends are declared and paid. What are the dividends received by the common stockholders in 2021? O $5700 O $4200 O $2800 $1300
Sunland Inc., has 1400 shares of 6%, $50 par value, cumulative preferred stock and 49146 shares of $1 par value common stock outstanding at December 31, 2020, and December 31, 2021. The board of directors declared and paid a $1500 dividend in 2020. In 2021, $9700 of dividends are declared and paid. What are the dividends received by the common stockholders in 2021? O $5700 O $4200 O $2800 $1300
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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