Manner, Inc

question 125

Multiple Choice

Manner, Inc. has 10,000 shares of 5%, ₤100 par value, noncumulative preference shares and 20,000 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 ₤90,000 dividend in 2017. What is the amount of dividends received by the ordinary shareholders in 2017?

• A)₤0
• B)₤50,000
• C)₤90,000
• D)₤40,000

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Definitions:

Auscultation

The process of listening for sounds within the body.

Percussion

Tapping the body lightly but sharply to determine the position, size, and consistency of an underlying structure.

Palpation

A method of feeling with the hands to detect abnormalities or assess conditions within the body during a physical examination.

Pap Test

A screening procedure for cervical cancer involving the collection of cells from the cervix to look for abnormalities that may be indicative of cancer or precancerous conditions.