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Cleburne Corporation Has 3,000 Shares of $200 Par Value,7 Percent

Question 18

Multiple Choice

Cleburne Corporation has 3,000 shares of $200 par value,7 percent cumulative preferred stock,and 10,000 shares of $20 par value common stock outstanding during its first five years of operation.Cleburne Corporation paid cash dividends as follows: 2009,$33,000; 2010,$0; 2011,$130,000; 2011,$60,000; 2013,$30,000.The amount of dividends the common stockholders received during 2009 was


A) $0.
B) $16,500.
C) $33,000.
D) $49,500.

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