The Following Information Is Provided for Slickers,Inc

question 60

Multiple Choice

The following information is provided for Slickers,Inc.for year 2019: • Preferred stock,7%,$50 par value,1,000 shares issued and outstanding
• Common stock,$100 par value,2,000 shares issued and outstanding
• Dividends in arrears for 2017 and 2018
• Total dividends declared and paid during 2019 totaled $25,000
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How much of the dividend was paid to the common stockholders during 2019 assuming the preferred stock is noncumulative?

• A)$3,500.
• B)$7,000.
• C)$21,500.
• D)$14,500.

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Definitions:

Death

The cessation of all biological functions that sustain a living organism.

Early Childhood

A period in human development from birth to the beginning of formal schooling, generally considered up to the age of 8 years.

Activity Level

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Individual Differences

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