(Answered) Question - the shareholders equity of green corporation

Accounting

Question - The shareholders' equity of Green Corporation includes $254,000 of $1 par common stock and $450,000 par value of 7% cumulative preferred stock. The board of directors of Green declared cash dividends of $55,000 in 2013 after paying $25,000 cash dividends in each of 2012 and 2011. What is the amount of dividends common shareholders will receive in 2013?

$10,500

$38,000

$44,500

$23,500

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