Chambers Corporation Had the Following Shares of Stock Outstanding on December

question 139

Multiple Choice

Chambers Corporation had the following shares of stock outstanding on December 31,2013: Common stock,$100 par value,100,000 shares outstanding
Preferred stock,8 percent,$200 par value,cumulative,10,000 shares outstanding
Dividends were in arrears for 2011 and 2012.
On December 31,2013,total cash dividends of $800,000 were declared.The total amounts payable to preferred stockholders and common stockholders,respectively,are

• A) $400,000 and $400,000.
• B) $320,000 and $480,000.
• C) $480,000 and $320,000.
• D) $160,000 and $640,000.

---

Definitions:

Egocentric

Pertaining to an inability to understand or consider the perspectives of others, focusing solely on one's own viewpoint.

Decentered

The cognitive ability to consider multiple aspects of a situation or to take another person’s perspective.

Presymbolic

Refers to the stage in early child development before the understanding and use of symbols and language.

Theory-of-Mind

The ability to attribute mental states to oneself and others, understanding that others have thoughts, desires, and intentions that are different from one's own.