Looper, Inc

question 136

Multiple Choice

Looper, Inc. has 30,000 shares of 6%, ₤100 par value, noncumulative preference shares and 50,000 ordinary shares with a ₤1 par value outstanding at December 31, 2017. There were no dividends declared in 2016. The board of directors declares and pays a ₤250,000 dividend in 2017. What is the amount of dividends received by the common shareholders in 2017?

• A)₤0
• B)₤180,000
• C)₤250,000
• D)₤70,000

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Definitions:

Migrations

The movement of entities from one location to another, often referring to data, animals, or human populations.

Assembly Drawing

A detailed illustration showing the components of a product and how they fit together, used in manufacturing and engineering.

Bill of Material

A bill of material is a comprehensive list of raw materials, parts, and components needed to manufacture a product, including quantities and specifications.

Schematic Form

A representation, often simplified or abstract, showing the main components or relationships in a system or process.