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The shareholders' equity of Green Corporation includes $200,000 of $1 par common stock and $400,000 of 6% cumulative preferred stock. The board of directors of Green declared cash dividends of $50,000 in 2011 after paying $20,000 cash dividends in each of 2010 and 2009. What is the amount of dividends common shareholders will receive in 2011?

A. $18,000.

B. $26,000.

C. $28,000.

D. $32,000.

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Accounting Basics, Accounting

Category:- Accounting Basics
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