Use the Following Information for Questions 70-72

question 76

Multiple Choice

Use the following information for questions 70-72.
Riga Ltd. has outstanding 100,000 no par common shares and 20,000 no par, $ 0.40, preferred shares issued at $ 5 each. The preferred shares are cumulative and non-participating. Dividends have been paid every year except the past two years and the current year.
-Assuming that $ 50,000 will be distributed as a dividend in the current year, how much will the common shareholders receive?

• A) $ 24,000
• B) $ 26,000
• C) $ 34,000
• D) $ 42,000

---

Definitions:

Primary Groups

Small social groups whose members share close, personal, enduring relationships, such as families and close friends.

Secondary Groups

Secondary groups are larger, more formal social groups in which the personal, emotional connections are weaker, and relationships are often temporary and goal-oriented.

Symbolic Interaction Theory

A framework in sociology that focuses on the meanings individuals ascribe to objects, events, and behaviors, stemming from social interaction.

Social Organizations

Groupings of individuals coming together to achieve common goals or undertake common tasks, structured according to roles and relationships.