Norton Corporation Has the Following Shareholders Equity on September 30

question 108

Multiple Choice

Norton Corporation has the following shareholders equity on September 30, 2014: On September 15, 2014, Norton Corporation declared a $170,000 dividend to be paid on October 15 to shareholders of record on September 30.
-Assuming there were no dividends in arrears, the total amount of the dividend paid to the preferred shareholders in 2014 would be

• A) $50,000.
• B) $0.
• C) $170,000.
• D) $150,000.