Sizemore, Inc

question 183

Multiple Choice

Sizemore, Inc. has 10,000 shares of 4%, $100 par value, cumulative preferred stock and 100,000 shares of $1 par value common stock outstanding at December 31, 2017. If the board of directors declares a $25,000 dividend, the

• A)preferred stockholders will receive 1/10th of what the common stockholders will receive.
• B)preferred stockholders will receive the entire $25,000.
• C)$25,000 will be held as restricted retained earnings and paid out at some future date.
• D)preferred stockholders will receive $12,500 and the common stockholders will receive $12,500.

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Definitions:

Future

Pertains to the time or period that is to come after the present.

Strategic Plans

Long-term roadmaps designed by organizations to align their resources and actions with mission, vision, and strategic goals.

Organizational Pyramid

A hierarchical structure within an organization that illustrates the arrangement of its management and employees.

Goals And Objectives

Goals and objectives are specific, measurable aims that guide the actions and decisions of individuals or organizations towards achieving desired outcomes.