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Question
brewer inc. has 3,000 shares of 8%, $50 par value, cumulative preferred stock and 100,000 shares of $1 par value common stock outstanding at december 31, 2012, and december 31, 2011. the board of directors declared and paid a $9,000 dividend in 2011. in 2012, $36,000 of dividends are declared and paid. what are the dividends received by the preferred stockholders in 2012?
a.$21,000
b.$18,000
c.$15,000
d.$12,000
Answer
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