Wininger Corporation Has 1000 Shares of 6%,$50 Par Value,cumulative Preferred

question 39

Multiple Choice

Wininger Corporation has 1000 shares of 6%,$50 par value,cumulative preferred stock and 25,000 shares of $1 par value common stock outstanding on December 31,2019 and December 31,2020.The board of directors declared and paid a $2,000 dividend in 2019.In 2020,$23,000 of dividends are declared and paid.What are the dividends received by the common stockholders in 2020 (there were no dividends in arrears prior to 2019) ?

• A)$3000
• B)$19,000
• C)$1000
• D)$23,000

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