What will be the total dividends payable

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Question - Crystal Corp reports the following information in its equity section of the statement of financial postion:

$250,000 in Preferred shares, $2.00, 5,000 shares outstanding, cumulative, non-voting

$750,000 in Common shares, 25,000 shares outstanding

Last year was the first year that the company paid no dividends. The board of directors declared total cash dividends of $50,000 for this year. What will be the total dividends payable to the common shareholders for this year?

Reference no: EM133164629

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