CusterCom Company's Outstanding Stock Is 100 Shares of $100,5% Cumulative

question 56

Multiple Choice

Custer.com Company's outstanding stock is 100 shares of $100,5% cumulative nonparticipating preferred stock and 1,000 shares of $10 par value common stock.Custer paid $2,300 cash dividends including one-year dividends in arrears to preferred stockholders.Common stockholders received:

• A)$0.
• B)$800.
• C)$1,300.
• D)$500.