Slickers, Inc

question 110

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 common stockholders during 2014 assuming the preferred stock is cumulative?

• A) $3,500.
• B) $7,000.
• C)$22,500.
• D)$14,500.

---

Definitions:

Behavioral Responses

Actions or reactions of an organism in response to external or internal stimuli.

Lek

A small territory in which males compete for females.

Reproductively Available

A term indicating the readiness or condition of an organism to participate in reproduction.

Home Range

A geographic area that an individual animal seldom or never leaves. Compare with range.