Ephram Company Has 3,000 Shares of 5%, $100 Par Non-Cumulative

question 58

Multiple Choice

Ephram Company has 3,000 shares of 5%, $100 par non-cumulative preferred stock outstanding at December 31, 2010. No dividends have been paid on this stock for 2009 or 2010. Dividends in arrears at December 31, 2010 total

• A) $0.
• B) $1,500.
• C) $15,000.
• D) $30,000.

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Definitions:

Helping And Concern

Acts and attitudes showcasing care, consideration, and assistance towards others, especially in times of need.

Honesty

A moral quality featuring truthfulness, integrity, and straightforwardness in actions and communications.

Fairness

The impartial and just treatment or behavior without favoritism or discrimination.

High Power Distance

A cultural dimension that indicates a society's acceptance of inequality and hierarchical differences among its members.