Anders, Inc Has 10,000 Shares of 5%, €100 Par Value

question 69

Multiple Choice

Anders, Inc has 10,000 shares of 5%, €100 par value, cumulative preference shares and 20,000 ordinary shares with a $1 par value outstanding at December 31, 2017. There were no dividends declared in 2015. The board of directors declares and pays a €90,000 dividend in 2016 and in 2017. What is the amount of dividends received by the ordinary shareholders in 2017?

• A)€30,000
• B)€50,000
• C)€90,000
• D)€0

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Definitions:

Classical Music

A genre of music that spans a period from the 11th century to the present day, characterized by its structured forms, complexity, and the use of orchestral instruments.

Natural Selection

The process by which organisms better adapted to their environment tend to survive and produce more offspring, a key mechanism of evolution.

Heritable Characteristics

Traits or characteristics of an organism that can be passed from parent to offspring through genes.

Survival Advantage

Refers to biological or psychological traits that increase an organism's chances of surviving and reproducing in a particular environment.