Rhubarb Corporation’s outstanding stock is 100 shares of $100, 11% cumulative nonparticipating preferred stock, and 2,000 shares of $12 par value common stock. Rhubarb paid $1,600 cash dividends during the year. Common stockholders received
A. $0.
B. $500.
C. $2,500.
D. $1,100.

Question

Rhubarb Corporation’s outstanding stock is 100 shares of $100, 11% cumulative nonparticipating preferred stock, and 2,000 shares of $12 par value common stock. Rhubarb paid $1,600 cash dividends during the year. Common stockholders received
  A. $0. 	
  B. $500. 	
  C. $2,500. 	
  D. $1,100.

anonymous · Answer

Can someone please just re-do the question to me but simpler... I don't quite understand. Or explain it to me.. I don't want the scenario or whatever you call it re-explained @Destinymasha

anonymous · Answer

Can someone please just re-do the question to me but simpler... I don't quite understand. Or explain it to me.. I don't want the scenario or whatever you call it re-explained @ganeshie8 @dan815