Most preferred stocks are callable preferred stocks, which means that the callable feature

Most preferred stocks are callable preferred stocks, which means that the callable feature may be exercised by

124.Dividends in arrears are dividends on

125.Honig Corporation had the following shares of stock outstanding on December 31, 20x8:

Common stock, $50 par value, 100,000 shares outstanding

Preferred stock, 8 percent, $100 par value, cumulative, 10,000 shares outstanding

Dividends were in arrears for 20x6 and 20x7. On December 31, 20x8, total cash dividends of $400,000 were declared. The total amounts payable to preferred stockholders and common stockholders, respectively, are

126.Gault Corporation had the following shares of stock outstanding on December 31, 20x8:

Common stock, $50 par value, 200,000 shares outstanding

Preferred stock, 8 percent, $100 par value, cumulative, 20,000 shares outstanding

Dividends were in arrears for 20x6 and 20x7. On December 31, 20x8, total cash dividends of $800,000 were declared. The total amounts payable to preferred stockholders and common stockholders, respectively, are

127.Beckham Corporation has 3,000 shares of $100 par value, 7 percent cumulative preferred stock, and 10,000 shares of $10 par value common stock outstanding during its first five years of operation. Beckham Corporation paid cash dividends as follows: 20x4, $7,000; 20x5, $0; 20x6, $65,000; 20x7, $30,000; 20x8, $15,000. The amount of dividends the common stockholders received during 20x4 was

128.Beckham Corporation has 3,000 shares of $100 par value, 7 percent cumulative preferred stock, and 10,000 shares of $10 par value common stock outstanding during its first five years of operation. Beckham Corporation paid cash dividends as follows: 20x4, $18,000; 20x5, $0; 20x6, $65,000; 20x7, $30,000; 20x8, $15,000. The amount of dividends in arrears at the end of 20x5 was

129.Beckham Corporation has 3,000 shares of $100 par value, 7 percent cumulative preferred stock, and 10,000 shares of $10 par value common stock outstanding during its first five years of operation. Beckham Corporation paid cash dividends as follows: 20x4, $8,500; 20x5, $0; 20x6, $65,000; 20x7, $30,000; 20x8, $15,000. The amount of dividends received by the preferred stockholders during 20x6 was

130.Beckham Corporation has 3,000 shares of $100 par value, 7 percent cumulative preferred stock, and 10,000 shares of $10 par value common stock outstanding during its first five years of operation. Beckham Corporation paid cash dividends as follows: 20x4, $43,500; 20x5, $0; 20x6, $65,000; 20x7, $30,000; 20x8, $15,000. The amount of dividends received by the common stockholders during 20x4 was

131.Beckham Corporation has 3,000 shares of $100 par value, 7 percent cumulative preferred stock, and 10,000 shares of $10 par value common stock outstanding during its first five years of operation. Beckham Corporation paid cash dividends as follows: 20x4, $14,000; 20x5, $44,000; 20x6, $65,000; 20x7, $30,000; 20x8, $15,000. The amount of dividends received by the preferred stockholders during 20x5 was

132.A corporation has 10,000 shares of 8 percent cumulative preferred stock and 20,000 shares of common stock outstanding. Par value for each is $100. No dividends were paid last year, but this year a $200,000 dividend is paid. How much of this $200,000 goes to the holders of common stock?