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Mice21 [21]
3 years ago
11

Bronze Tint declares cash dividends of $ 28 comma 000 for 2018. How much of the dividends goes to preferred​ stockholders? How m

uch goes to common​ stockholders? ​(Complete all input boxes. Enter​ "0" for any zero​ amounts.) Bronze Tint​'s dividend would be divided between preferred and common stockholders in this​ manner:
Business
1 answer:
Zepler [3.9K]3 years ago
3 0

Answer:

$25,800

Explanation:

The computation of Dividend to common stockholders is shown below:-

Total dividend                                       $28,000

Dividend to preferred stockholders:

Dividend in arrears

Current year dividend                        $2,200

(4,000 × $11 × 5%)                                

Total dividend to preferred

stockholders                                        $2,200

Dividend to common stockholders  $25,800

($28,000 - $2,200)

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                                       -------------

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