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What are the dividends received by the common stockholders

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Reference no: EM133144026

Question - ABC Inc., has 2,000 shares of 6%, P50 par value, cumulative preferred stock and 100,000 shares of P1 par value common stock outstanding at December 31, 2021, and December 31, 2020. The board of directors declared and paid a P5,000 dividend in 2020. In 2021, P24,000 of dividends are declared and paid. What are the dividends received by the common stockholders in 2021?

a. 17,000

b. 0

c. 18,000

d. 24,000

Reference no: EM133144026

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