Mathelsea Corporation has 12,000 shares of 77%,$15 par cumulative preferred stock and 48,000 shares of...
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Accounting
Mathelsea Corporation has 12,000 shares of 77%,$15 par cumulative preferred stock and 48,000 shares of common stock outstanding. Mathelsea declared no dividends in 2015 and had no dividends in arrears prior to 2015. In 2016,Mathelsea declares a total dividend of $50,000. How much of the dividends go to the common stockholders?
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