Dividends to Common SHE

Dividends to Common - the amount of dividends received by the common stockholders in 2010 $100,00 $150,00 $0 $250,00 = 25,000 Preferred Shares $100

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Looper, Inc. has 25,000 shares of 6%, $100 par value, noncumulative preferred stock and 50,000  shares of $1 par value common stock outstanding at December 31, 2010. There were no dividends  declared in 2009. The board of directors declares and pays a $250,000 dividend in 2010. What is 
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Unformatted text preview: the amount of dividends received by the common stockholders in 2010? $100,00 $150,00 $0 $250,00 = 25,000 Preferred Shares * $100 Par Value = $2,500,000 * 6% = $150,000 $250,000 (Total Dividends) - $150,000 (Preferred Dividends) = $100,000 (Common Dividends)...
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This note was uploaded on 03/01/2012 for the course ACCOUTNING 550 taught by Professor Abner during the Spring '11 term at DeVry Houston.

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