Slickers, Inc

question 21

Multiple Choice

Slickers, Inc. had the following capital structure during 2014: Preferred stock, 7%, $50 par value, 1,000 shares issued and outstanding with dividends in arrears for 2012 and 2013.
Common stock, $100 par value, 2,000 shares issued and outstanding.
The total dividends declared and paid during 2014 totaled $25,000. How much of the dividend is paid to the preferred stockholders during 2014 assuming the preferred stock is cumulative?

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

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Definitions:

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The process of teaching or learning specific skills or behaviors, typically aimed at improving performance in a particular field or activity.

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The act of achieving victory or success in a competition, conflict, or endeavor.

Athletes

Individuals who are skilled in physical exercise or sports, often participating in competitive events.

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A structured form of play, usually undertaken for entertainment or fun, and sometimes used as an educational tool.