Question
Curtain Co. paid dividends of $8,000, $9,000, and $12,000 during Year 1, Year 2, and Year 3, respectively. The company had 1,900 shares of 4.5%, $100 par value preferred stock outstanding that paid a
cumulative dividend. What is the total amount of dividends paid to common shareholders during Year 3?
Multiple Choice
$8,550
$3,350
$1,000
$550
00
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Transcribed Image Text

Curtain Co. paid dividends of $8,000, $9,000, and $12,000 during Year 1, Year 2, and Year 3, respectively. The company had 1,900 shares of 4.5%, $100 par value preferred stock outstanding that paid a cumulative dividend. What is the total amount of dividends paid to common shareholders during Year 3? Multiple Choice $8,550 $3,350 $1,000 $550 00