Singh, Inc

question 70

Multiple Choice

Singh, Inc. has 5,000, $8, noncumulative preferred shares issued at $100, and 20,000 common shares issued at $1, at December 31, 2014. There were no dividends declared in 2013. The board of directors declares and pays a $60,000 dividend in 2014. What is the amount of dividends received by the common shareholders in 2014?

• A) $0
• B) $40,000
• C) $60,000
• D) $20,000

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Definitions:

Hypocalcemia

A condition characterized by low levels of calcium in the blood, which can affect bone health and muscle function.

Calcium Gluconate

A mineral supplement and medication used to treat conditions caused by low blood calcium levels.

Central Nervous System

Comprises the brain and spinal cord, and is responsible for processing information and controlling the body's functions and activities.

Bronchopulmonary Dysplasia

A chronic lung disorder often affecting newborns, particularly those who were born prematurely, leading to difficulty breathing.