Use the Following Information to Calculate the "Net Income Available

question 55

Multiple Choice

Use the following information to calculate the "net income available to ordinary shareholders": $\begin{array}{|l|r|}\hline \text { Net income } & 2,000,000 \\\hline \text { Dividends on cumulative preferred shares } & 40,000 \\\hline \text { Dividends on non-cumulative preferred shares } & 100,000 \\\hline \text { Dividends declared in 2013: } & \\\text { - Common shares } & 50,000 \\\text { - Cumulative preferred shares } & 80,000 \\\text { - Non-cumulative preferred shares } & 100,000 \\\hline \text { Dividends paid in 2013: } & \\\text { - Common shares } &30,000 \\\text { - Cumulative preferred shares } & 50,000 \\\text { - Non-cumulative preferred shares } &0\\\hline\end{array}$

• A)$1,820,000
• B)$1,860,000
• C)$1,950,000
• D)$1,960,000

Explore corporate governance, including its ethical concerns and the interaction model.

Understand the different functions and types of control within organizations.

Recognize the role of objectives in measuring actual performance.

Distinguish between preventive maintenance and concurrent control.

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Definitions:

Opponent

A person or group competing against another in a contest, fight, game, or debate.

Burden Of Proof

The obligation to present evidence to support one's claim or argument in a debate or legal case.

Inductive Components

Components involved in inductive reasoning, where generalizations are made from specific observations.

Deductive Components

Elements involved in a process of reasoning from general premises to a specific, logical conclusion.