Written, Inc

question 96

Multiple Choice

Written, Inc. has outstanding 600,000 shares of $2 par common stock and 120,000 shares of no-par 8% preferred stock with a stated value of $5. The preferred stock is cumulative and nonparticipating. Dividends have been paid in every year except the past two years and the current year.Assuming that $366,000 will be distributed, and the preferred stock is also participating, how much will the common stockholders receive?

• A) $222,000.
• B) $180,000.
• C) $186,000.
• D) $ 96,000.

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Definitions:

Agreeableness

A personality trait characterized by warmth, kindness, and a cooperative attitude, which can influence negotiation and interpersonal interactions positively.

Cooperativeness

The willingness or tendency to work together with others towards common goals or interests.

Preferred Solutions

Outcomes or actions that are more favorable or acceptable to an individual or group involved in a negotiation or decision process.

Conflict Management Styles

Various approaches individuals or groups use to handle disputes, ranging from avoidance and accommodation to competition and collaboration.