value of $ 540,000 , which of the following would be the journal entry for Ranier to record ?
Land 540,000 Preferred Stock 540,000 Land 540,000 Preferred Stock 500,000 Paid-in Capital Excess of Par-Preferred 40,000 Land 500,000 Preferred Stock 500,000 Land 600,000 Preferred Stock 500,000 Paid-in Capital in Excess of Par-Preferred 100,000 2- Multiple Choice Question 181
Aim , Inc ., has 10,000 shares of 5 %, $ 100 par value , noncumulative preferred stock and 40,000 shares of $ 1 par value common stock outstanding at December 31 , 2013 . There were no dividends declared in 2012 . The board of directors declares and pays a $ 120,000 dividend in 2013 . What is the amount of dividends received by the common stockholders in 2013 ?
$ 0 $ 50,000 $ 70,000