Looper, Inc

question 202

Multiple Choice

Looper, Inc. has 30,000 shares of 6%, ₤100 par value, noncumulative preference shares and 50,000 ordinary shares with a ₤1 par value outstanding at December 31, 2014. There were no dividends declared in 2013. The board of directors declares and pays a ₤250,000 dividend in 2014. What is the amount of dividends received by the common shareholders in 2014?

• A) ₤0
• B) ₤180,000
• C) ₤250,000
• D) ₤70,000

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Definitions:

Self-analysis

The practice of examining one's own thoughts, feelings, and behaviors in an effort to gain insight into one's personality and psychological processes.

Free Association

A psychoanalytic technique where a patient says whatever comes to mind without censorship as a way of uncovering subconscious thoughts and feelings.

Dream Analysis

A psychological technique for interpreting the content of dreams to uncover underlying motives or meanings.

Neurotic Needs

Horney's theory on ten specific needs that individuals overemphasize due to anxiety from interpersonal relationships, which can lead to neurosis if unchecked.