Use the Following Information to Calculate the "Net Income Available

question 80

Multiple Choice

Use the following information to calculate the "net income available to ordinary shareholders": $\begin{array}{|l|r|}\hline \text { Net income } & 1,000,000 \\\hline \text { Dividends on cumulative preferred shares } & 40,000 \\\hline \text { Dividends on non-cumulative preferred shares } & 100,000 \\\hline \text { Dividends declared in 2013: } & \\\text { - Common shares } & 50,000 \\\text { - Cumulative preferred shares } & 80,000 \\\text { - Non-cumulative preferred shares } & 0 \\\hline \text { Dividends paid in 2013: } & \\\text { - Common shares } &30,000 \\\text { - Cumulative preferred shares } & 50,000 \\\text { - Non-cumulative preferred shares } &0\\\hline\end{array}$

• A)$860,000
• B)$870,000
• C)$950,000
• D)$960,000

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Definitions:

Control Equation

A mathematical or conceptual representation used to understand or manage the variables influencing a system or process.

Substandard Performance

A level of work activity or output that falls below the set minimum standards or expectations of quality and efficiency in a professional setting.

Actual Performance

The real results or outcomes achieved by an individual, team, or organization, often compared against planned or expected performance.

Projects

Temporary endeavors undertaken to create a unique product, service, or result.