WOW Corporation has the following shares issued and outstanding in December 2020: Common stock, $2 par, 100,000 shares issued and outstanding Cumulative Preferred stock, $ 100 par, 6%, 10,000 shares issued and outstanding. All shares were issued and outstanding since 1/1/2018. In the year 2018, WOW declared and paid $ 30,000 as cash dividends. In the year 2019, no dividends were declared. In December 2020, the Company declared $ 220,000 as cash dividends Required: How much dividends will common shareholders get? (Note: write your answer as a number only, with No dollar signs or commas)

WOW Corporation has the following shares issued and outstanding in December 2020: Common stock, $2 par, 100,000 shares issued and outstanding Cumulative Preferred stock, $ 100 par, 6%, 10,000 shares issued and outstanding. All shares were issued and outstanding since 1/1/2018. In the year 2018, WOW declared and paid $ 30,000 as cash dividends. In the year 2019, no dividends were declared. In December 2020, the Company declared $ 220,000 as cash dividends Required: How much dividends will common shareholders get? (Note: write your answer as a number only, with No dollar signs or commas)

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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