DX Had the Following Shares Outstanding: (Matching Dividend,if Applicable,$6)

question 43

Multiple Choice

DX had the following shares outstanding: (Matching dividend,if applicable,$6) The preferred shares are cumulative,fully participating; dividends are three years in arrears,excluding the current year; dividends declared in the current year amount to $42,000.The total amount of dividends to which preferred shareholders are entitled is:

• A) $16,000
• B) $20,000
• C) $24,500
• D) $26,000

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Definitions:

Cetacean Diversity

The variety of species within the cetacean order, which includes whales, dolphins, and porpoises, representing a wide range of ecological and morphological adaptations.

Diatoms

Microscopic algae with silica shells, found in freshwater and marine environments, playing a crucial role in oxygen production and aquatic food chains.

Fossil Record

The collection of all known fossils and their placement in rock formations and sedimentary layers, providing information about the history of life on Earth.

Sea Temperature

The measure of the warmth of the surface of the sea, an important parameter affecting marine life and weather patterns.