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What amount of dividends received by common shareholders

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Question 1: Seaside Developments Inc. has $200,000 of no par value 4% cumulative preferred shares, and 12,000 shares of no par value common shares outstanding. In its first three years of operation, the company paid cash dividends as follows: Year 1: $8,000; Year 2: $18,000; and Year 3: $24,000. The amount of dividends received by the common shareholders in year 3 was

Option a) $8,000.

Option b) $12,000.

Option c) $16,000.

Option d) $20,000.

Reference no: EM132495622

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