Use the Following Information to Calculate the "Net Income Available

question 62

Multiple Choice

Use the following information to calculate the "net income available to ordinary shareholders": $\begin{array}{|l|r|}\hline \text { Net income } & 4,000,000 \\\hline \text { Dividends on cumulative preferred shares } & 40,000 \\\hline \text { Dividends on non-cumulative preferred shares } & 100,000 \\\hline \text { Dividends declared in 2013: } & \\\text { - Common shares } & 50,000 \\\text { - Cumulative preferred shares } & 80,000 \\\text { - Non-cumulative preferred shares } & 0 \\\hline \text { Dividends paid in 2013: } & \\\text { - Common shares } &30,000 \\\text { - Cumulative preferred shares } & 50,000 \\\text { - Non-cumulative preferred shares } &0\\\hline\end{array}$

• A)$3,860,000
• B)$3,870,000
• C)$3,950,000
• D)$3,960,000

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Definitions:

Cryosurgery

A surgical technique that uses extreme cold to freeze and destroy abnormal tissue.

Hepatitis B

A viral infection that affects the liver, transmitted through contact with infected bodily fluids, potentially causing chronic liver disease and liver cancer.

Sexual Contact

Any form of touch or interaction, consensual or not, that is of a sexual nature, potentially including activities from kissing to sexual intercourse.

Hepatitis A

A highly contagious liver infection caused by the hepatitis A virus, often spread through ingestion of contaminated food or water.