The Following Information Is Provided for Bold Company for the Year

question 20

Multiple Choice

The following information is provided for Bold Company for the year 2019: • Preferred stock,6%,$50 par value,1,000 shares issued and outstanding
• Common stock,$100 par value,2,000 shares issued and outstanding
• Dividends in arrears for three prior years (2016-2018)
• Total dividends declared and paid in 2019 were $50,000.
-
How much of the 2019 dividend payment was paid to the preferred stockholders assuming the preferred stock is cumulative?

• A)$12,000.
• B)$3,000.
• C)$47,000.
• D)$38,000.

---

Definitions:

Education of Women

The deliberate process of providing learning opportunities and access to education for females, aimed at empowering them and promoting gender equality.

Social Organization

A framework that defines how society is structured and grouped, often based on social functions, roles, and responsibilities.

Capitalism

An economic system where trade, industries, and the means of production are largely or entirely privately owned and operated for profit, often characterized by competitive markets.

Overpopulation

Overpopulation occurs when a species' population exceeds the carrying capacity of its ecological niche, resulting in environmental degradation and diminished quality of life.