BX Had the Following Shares Outstanding: (Matching Dividend,if Applicable,$12)

question 31

Multiple Choice

BX had the following shares outstanding: (Matching dividend,if applicable,$12) 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 $87,000.The total amount of dividends to which common shareholders are entitled is:

• A) $34,000
• B) $40,000
• C) $49,000
• D) $52,000

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Definitions:

Non-Controlling Interest

The portion of equity in a subsidiary not held by the parent company, reflecting the minority shareholders' share of the profits and losses.

Net Assets

The total assets of an entity minus its total liabilities, representing the owners' equity or net worth of the entity.

Fair Value

A market-based measurement of the price at which an asset could be bought or sold or a liability settled, under current market conditions.

Non-Controlling Interest

The share of ownership in a subsidiary held by investors other than the parent company, often referred to as minority interest.