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Business, 11.12.2019 17:31 TabbyKun00

The shareholders' equity of red corporation includes $200,000 of $1 par common stock and $500,000 par of 4% cumulative preferred stock. the board of directors of red declared cash dividends of $60,000 in 2018 after paying $10,000 cash dividends in 2017 and $20,000 in 2016. what is the amount of dividends common shareholders will receive in 2018?
a) $30,000.
b) $40,000.
c) $35,000.
d) $45,000

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