Polly's Outstanding Stock Consists of (A)67,000 Shares of Cumulative 5 $$\begin{array} { c c } 2010 & \$ 0 \\2011 & 50,000 \\2012 & 180,000 \\2013 & 205,000\end{array}$$

question 135

Short Answer

Polly's outstanding stock consists of (a)67,000 shares of cumulative 5% preferred stock with a $20 par value and (b)95,000 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.
$$\begin{array} { c c } 2010 & \$ 0 \\2011 & 50,000 \\2012 & 180,000 \\2013 & 205,000\end{array}$$
What is the amount of dividends that the Common Stockholders receive for all years presented?

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Definitions:

Confiscation

The act of seizing property by authority, often without compensation, for legal or government use.

Expropriation

The act by a government of taking privately owned property to public use, typically with compensation to the owners.

Payment Of Compensation

The process of providing financial remuneration to an individual or entity for loss, damage, or injury.

Franchising

A business model that allows individuals to own and operate their own business using the branding and systems of an established company.