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:

Role Models

Individuals admired for their qualities or achievements, who serve as examples for others to emulate in behavior and decision-making.

Transformational Perspective

A leadership approach focusing on inspiring and motivating followers to exceed their own interests for the good of the group or organization.

Modeling The Way

A leadership approach that involves demonstrating the behaviors and attitudes that are expected of others, serving as a role model for the team.

Kouzes And Posner

Scholars known for their research on leadership practices, co-authors of "The Leadership Challenge."