Nance corporation's december 31, 2014 balance sheet showed the following: 8% preferred stock, $20 par value, cumulative,30,000 shares authorized; 15,000 shares issued $ 300,000common stock, $10 par value, 3,000,000 shares authorized; 1,950,000 shares issued, 1,920,000 shares outstanding 19,500,000paid-in capital in excess of par value - preferred stock 60,000paid-in capital in excess of par value - common stock 27,000,000retained earnings 7,650,000treasury stock (30,000 shares) 630,000nance declared and paid a $75,000 cash dividend on december 15, 2014. if the company's dividends in arrears prior to that date were $18,000, nance's common stockholders receiveda. $57,000.b. $27,000.c. $33,000.d. no dividend.

c. $33,000

Explanation:

As for the provided information, we have:

Total Preference capital outstanding = 8% 15,000 shares of $20 = $300,000

Total Equity capital outstanding = 1,950,000 shares of $10 = $19,500,000

Out of which treasury stock = $630,000

Now, The company announces a dividend of $75,000

Where dividend in arrears = $18,000 for preference.

Therefore, in 2014 first arrears will be settled = $75,000 - $18,000 = $57,000

Now, dividend to preference for current year will be paid = $300,000 8% = $24,000

Therefore, dividend to equity share holders in year 2014 = $57,000 - $24,000 = $33,000

steering wheels are always situated on the left side of the car.

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do not overuse your car horn. horns are used almost exclusively for emergency situations or for when you feel unsafe.

explanation: