Question

Custer.com’s outstanding stock is 100 shares of $100, 6% cumulative nonparticipating preferred stock, and 1,000 shares of $10 par value common stock. Custer paid $2,000 cash dividends, including one-year dividends in arrears to preferred stockholders. Common stockholders received
A. $0.
B. $800.
C. $1,818.
D. $600.

Answer 1

isnt it 6% of ($100 x 100)

Answer 2

I believe so

Answer 3

and like 2000 - 2(600)

Answer 4

B

Answer 5

800 most likely