Chrome File Edit View History Bookmarks reop flcxMary (Ma x , M work on second f

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Chrome File Edit View History Bookmarks reop flcxMary (Ma x , M work on second fic x Homework 11 Employee-myBar x ezto.mheducation.com/hm.tpx N Netflix C P Pandora Internet Ra.. " Home-JNJ Apparel Apps The University of Ala- instructions I help Homework 11 Save & Exit l| Submit Question 2 (of 9) 2. value: 11.00 points Colliers, Inc. has 110,000 shares of cumulative preferred stock outstanding. The preferred stock pays dividends in the amount of $2 per share, but because of cash flow problems, the company did not pay any dividends last year. The board of directors plans to pay dividends in the amount of $620,000 this year 1. What amount will go to preferred stockholders? 2. How much will be available for common stock dividends? d Payment to Common S References eBook & Resources Objective: 11-04 Describe the characteristics of preferred stock and analyze 30

Explanation / Answer

1 Dividends paid to Preferred stockholders = (110000*2)*2= 440000 2 Dividends paid to Common stockholders =620000-440000 = 180000

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