Curtain Co. paid dividends of $6,000; $12,000; and $20,000 during Year 1, Year 2, and Year 3, respectively. The company had 1,000 shares of 5%, $200 par value preferred stock outstanding that paid a cumulative dividend. The amount of dividends received by the common shareholders during Year 3 would be:
A. $8,000.
B. $6,000.
C. $4,000.
D. $10,000.
Answer: A
Business
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