Assume the Following Shares Outstanding: (1) Preferred Shares, $3, Cumulative

question 90

Multiple Choice

Assume the following shares outstanding: (1) Preferred shares, $3, cumulative, 1,000 shares with dividends in arrears 3 years, for 20A, 20B, and 20C.
(2) Common shares, 2,000 shares.
Total dividends declared in 20D were $30,000. What is the total amount of dividends to which common shareholders are entitled?

• A) $27,000
• B) $21,000
• C) $30,000
• D) $18,000

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Definitions:

Juggernaut

An overwhelming, advancing force or structure that crushes everything in its path.

Cosmopolitanism

A philosophy or ethos promoting the idea of global citizenship, where individuals are members of a single, universal community based on shared morality and values.

Globalism

The ideology and process favoring a more interconnected and interdependent world, economically, politically, and culturally.

Globality

The condition of global interconnectedness and interdependence, often in the context of economics, politics, and culture.