Yoder, Inc

Multiple Choice

Yoder, Inc. has 150,000 shares of $10 par value common stock and 75,000 shares of $10 par value, 6%, cumulative, participating preferred stock outstanding. Dividends on the preferred stock are one year in arrears. Assuming that Yoder wishes to distribute $405,000 as dividends, the common stockholders will receive

A) $ 90,000.
B) $165,000.
C) $240,000.
D) $315,000.