outstanding at December 31, 2009. There were no dividends declared in 2007. The board of directors declares and pays a $50,000 dividend in 2008 and in 2009. What is the amount of dividends received by the common stockholders in 2009? a . $ 1 0 , 0 0 0 b . $ 3 0 , 0 0 0 c . $ 5 0 , 0 0 0 d . $ 0 81.
Cuther Inc., has 1,000 shares of 8%, $50 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at December 31, 2007, and December 31, 2008. The board of directors declared and paid a $3,000 dividend in 2007. In 2008, $12,000 of dividends are declared and paid. What are the dividends received by the common stockholders in 2008? a .