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.
Correct Answer:

Verified
Correct Answer:
Verified
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