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RealTime Company has outstanding 10,000 shares of 8 percent, $50 par value, cumulative, preferred stock...

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Accounting

RealTime Company has outstanding 10,000 shares of 8 percent, $50 par value, cumulative, preferred stock and 20,000 of $25 par value common stock. There are no dividends in arrears on the preferred stock. In the current year, the corporation distributed dividends of $100,000. How much will be distributed to common stockholders? A. $60,000 B. $40,000 C. $100,000 D. $25

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