Beagle Corporation Has 20,000 Shares of $10 Par Common Stock

question 161

Multiple Choice

Beagle Corporation has 20,000 shares of $10 par common stock outstanding and 10,000 shares of $100 par, 6% cumulative, nonparticipating preferred stock outstanding. Dividends have not been paid for the past two years. This year, a $300,000 dividend will be paid. What are the dividends per share payable to preferred and common, respectively?

• A) $6; $12.
• B) $18; $6.
• C) $6; $6.
• D) None of these answer choices are correct.

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