Premier's Outstanding Stock Consists of (A) 57,000 Shares of Cumulative $\begin{array}{cc}2013 & \$ 0\\2014 & 38,000 \\2015 & 150,000 \\2016 & 175,000\end{array}$

question 156

Multiple Choice

Premier's outstanding stock consists of (a) 57,000 shares of cumulative 4.25% preferred stock with an $18 par value and (b) 75,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends: $\begin{array}{cc}2013 & \$ 0\\2014 & 38,000 \\2015 & 150,000 \\2016 & 175,000\end{array}$ What is the amount of dividends that the Common Stockholders receive for all years presented?

• A) $177,000
• B) $188,580
• C) $214,250
• D) $326,000
• E) $363,000

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