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: 2006,$16,500; 2007,$0; 2008,$65,000; 2009,$30,000; 2010,$15,000.The amount of dividends the common stockholders received during 2006 was
A) $0.
B) $8,250.
C) $16,500.
D) $24,750.
Correct Answer:
Verified
Correct Answer:
Verified
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