What is the amount of dividends received

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Question - Anders, Inc. has 15,000 shares of 4%, $100 par value, cumulative, preferred stock and 60,000 shares of $1 par value common stock outstanding at December 31, 2017. There were no dividends declared in 2016. The board of directors declares and pays a $300,000 dividend in 2017.

What is the amount of dividends received by the preferred stockholders?

Assume the same facts except that the Preferred Stock is fully participating. What is the amount of dividends received by the preferred stockholders?

Reference no: EM132980504

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