In 2017 west declared and paid dividends of 20000 how much


Question - Outstanding stock of the West Corp included 40,000 shares of $5 par common stock and 10,000 shares of 5%, $10 par noncumulative preferred stock. In 2016, West declared and paid dividends of $4,000. In 2017, West declared and paid dividends of $20,000. How much of the 2017 dividend was distributed to preferred shareholders?

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Accounting Basics: In 2017 west declared and paid dividends of 20000 how much
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