Assume the Following Capital Structure

question 31

Multiple Choice

Assume the following capital structure:
Preferred stock,6%,$50 par value,1,000 shares issued and outstanding with dividends in arrears for three prior years (2007 - 2009) .
Common stock,$100 par value,2,000 shares issued and outstanding.
Total dividends declared and paid in 2010 were $50,000.How much of the 2010 dividend will be paid to the common stockholders assuming the preferred stock is noncumulative?

• A)$12,000
• B)$3,000
• C)$47,000
• D)$38,000

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Definitions:

Authentic Leader

Characterized by their self-awareness, honesty, and ethical conduct in guiding their followers.

Employee Relations

The management of relationships between employers and employees, often focusing on resolving disputes and fostering a positive work environment.

Productivity

The measure of efficiency at which goods or services are produced, often evaluated in terms of output per unit of input.

Leadership Polarity

The idea that leaders are often either revered or vastly unpopular.