Multiple Choice
Berman Inc.has 6,000 shares of 6%, $50 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at December 31, 2019, and December 31, 2020.The board of directors declared and paid a $12,000 dividend in 2019.In 2020, $72,000 of dividends are declared and paid.What are the dividends received by the common stockholders in 2020?
A) $48,000.
B) $42,000.
C) $54,000.
D) $18,000.
Correct Answer:
Verified
Correct Answer:
Verified
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