What is amount of dividends received by common stockholders, Financial Accounting

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What is amount of dividends received by common stockholders

Problem

Oriole Restaurant Supply Company has 10600 shares of 5%, $100 par value, cumulative preferred stock and 21200 shares of $1 par value common stock outstanding at December 31, 2023, December 31, 2024 and December 31, 2025. There were no dividends declared in 2023. The board of directors declares and pays a $95400 dividend in 2024 and in 2025. What is the amount of dividends received by the common stockholders in 2025?

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Financial Accounting: What is amount of dividends received by common stockholders

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Financial Accounting: What is amount of dividends received by common stockholders

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