Outstanding stock of the crevusse corporation included


Outstanding stock of the Crevusse Corporation included 40,000 shares of $5 par common stock and 20,000 shares of 5%, $10 par noncumulative preferred stock. In 2013, Crevusse declared and paid dividends of $8,000. In 2014, Crevusse declared and paid dividends of $24,000. How much of the 2014 dividend was distributed to preferred shareholders?

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Accounting Basics: Outstanding stock of the crevusse corporation included
Reference No:- TGS01011536

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