Ocean view wholesale merchandise had 20000 shares of 6 20, Financial Accounting

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Ocean view wholesale merchandise had 20000 shares of 6 20

Ocean view Wholesale Merchandise had 20,000 shares of 6%, $20 par value preferred stock and 15,000 shares of $25 par value common stock outstanding throughout 2014. Assuming that total dividends declared in 2014 were $25,000 and that the preferred stock is not cumulative, common stockholders should receive total 2014 dividends of:

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Financial Accounting: Ocean view wholesale merchandise had 20000 shares of 6 20

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