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Beckham Corporation Has 3,000 Shares of $100 Par Value,7 Percent

Question 124

Multiple Choice

Beckham Corporation has 3,000 shares of $100 par value,7 percent cumulative preferred stock,and 10,000 shares of $10 par value common stock outstanding during its first five years of operation.Beckham Corporation paid cash dividends as follows: 2009,$30,000; 2010,$0; 2011,$65,000; 2012,$30,000; 2013,$15,000.The amount of dividends received by the common stockholders during 2012 was


A) $11,000.
B) $13,000.
C) $9,000.
D) $15,000.

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