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The board of directors of mls declared cash dividends of 50

1. The shareholders' equity of MLS Enterprises includes $200 million of no par common stock and $400 million of 6% cumulative preferred stock. The board of directors of MLS declared cash dividends of $50 million in 2011 after paying $20 million cash dividends in both 2010 and 2009. What is the amount of dividends common shareholders will receive in 2011?

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Accounting Basics: The board of directors of mls declared cash dividends of 50

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Accounting Basics: The board of directors of mls declared cash dividends of 50

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