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How much was paid to the common stockholders

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Problem 1: Magic Corporation paid $100,000 in dividends. The corporation had 10,000 shares of common stock outstanding and 5,000 shares of $100 par value 5% preferred stock. The preferred stock was two years in arrears prior to the current year. How much was paid to the common stockholders?

A. $0

B. $25,000

C. $50,000

D. $75,000

Problem 2: In reviewing corporate equity on a balance sheet, what would be included in the description "Total Capital Stock"?

A. Par value of preferred

B. Par value of common

C. Paid-in capital in excess of par value

D. Both (a) and (b)

Reference no: EM132756555

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