The Following Information Is Provided for Slickers,Inc

question 68

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
-
How much of the dividend was paid to the preferred stockholders during 2019 assuming the preferred stock is cumulative?

• A)$3,500.
• B)$7,000.
• C)$10,500.
• D)$14,500.

---

Definitions:

Virus-free

A state in which a computer or digital environment is devoid of malicious software or viruses.

Attachments

Files or documents that are added to emails or other forms of messaging for additional information or context.

Netiquette

The code of acceptable behaviors and guidelines for communication on the Internet.

All-capitals

The use of uppercase letters for emphasis or stylistic purposes in written text.