Multiple Choice
Mountain View Inc. has 50000 shares of 8% $100 par value noncumulative preferred stock and 100000 shares of $1 par value common stock outstanding at December 31 2017. There were no dividends declared in 2016. The board of directors declares and pays a $500000 dividend in 2017. What is the amount of dividends received by the common stockholders in 2017?
A) $0
B) $400000
C) $500000
D) $100000
Correct Answer:
Verified
Correct Answer:
Verified
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