Mathelsea corporation has 12000 shares of 7715 par, Financial Accounting

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Mathelsea corporation has 12000 shares of 7715 par

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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Financial Accounting: Mathelsea corporation has 12000 shares of 7715 par

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