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What are the dividends received by the common stockholders

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Reference no: EM132540588

Question 1: Berman Inc. has 6,000 shares of 6%, $50 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at December 31, 2016, and December 31, 2017. The board of directors declared and paid an $12,000 dividend in 2016. In 2017, $72,000 of dividends are declared and paid. What are the dividends received by the common stockholders in 2017?

Option a. $48,000.

Option b. $42,000.

Option c. $54,000.

Option d. $18,000.

Reference no: EM132540588

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