Manner, Inc. has 5,000 shares of 6%, P100 par value, noncumulative preferred stock and 20,000 shares of Pi par value common stock outstanding at December 31, 2008. There were no dividends declared in...


Manner, Inc. has 5,000 shares of 6%, P100<br>par value, noncumulative preferred stock<br>and 20,000 shares of Pi par value common<br>stock outstanding at December 31, 2008.<br>There were no dividends declared in<br>2007.<br>The board of directors declares and pays a<br>P55,000 dividend in 2008. What is the<br>amount of dividends received by the<br>common stockholders in 2008? *<br>PO<br>P30,000<br>P55,000<br>P25,000<br>

Extracted text: Manner, Inc. has 5,000 shares of 6%, P100 par value, noncumulative preferred stock and 20,000 shares of Pi par value common stock outstanding at December 31, 2008. There were no dividends declared in 2007. The board of directors declares and pays a P55,000 dividend in 2008. What is the amount of dividends received by the common stockholders in 2008? * PO P30,000 P55,000 P25,000

Jun 09, 2022
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