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

Question 76

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, $30,000; 2007, $0; 2008, $65,000; 2009, $30,000; 2010, $15,000. The amount of dividends received by the common stockholders during 2009 was


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

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