Healthy Farmer, Inc. has 46,000 shares of common stock outstanding and 3000 shares of preferred stock outstanding. The common stock is $0.03 par value; the preferred stock is 7% noncumulative with a $100.00 par value. On October 15, 2019, the company declares a total dividend payment of $43,000. What is the total amount of dividends that will be paid to the common stockholders?
A) $43,000
B) $22,000
C) $1380
D) $9000
B) $22,000
Explanation: Dividend paid to the common stockholders = $43,000 - [($100.00 × 7%) × 3000] = $22,000
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Answer the following statement true (T) or false (F)
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