Land 540,000
Preferred Stock 540,000
Land 540,000
Preferred Stock 500,000
Paid-in Capital Excess of Par-Preferred 40,000
Land 500,000
Preferred Stock 500,000
Land 600,000
Preferred Stock 500,000
Paid-in Capital in Excess of Par-Preferred 100,000
2-
Multiple Choice Question 181
Aim, Inc., has 10,000 shares of 5%, $100 par value, noncumulative
preferred stock and 40,000 shares of $1 par value common stock
outstanding at December 31, 2013. There were no dividends declared
in 2012. The board of directors declares and pays a $120,000 dividend
in 2013. What is the amount of dividends received by the common
stockholders in 2013?
$0
$50,000
$70,000
$20,000