The Mailer Corporation Had the Following Classes of Stock Outstanding

question 86

Multiple Choice

The Mailer Corporation had the following classes of stock outstanding as of December 31,2014: Common stock,$20 par value,20,000 shares outstanding
Preferred stock,6 percent,$100 par value,cumulative,2,000 shares outstanding
No dividends were paid on preferred stock for 2012 and 2013.On December 31,2014,a total cash dividend of $200,000 was declared.What are the amounts of dividends payable on both the common and preferred stock,respectively?

• A) $0 and $200,000
• B) $164,000 and $36,000
• C) $176,000 and $24,000
• D) $188,000 and $12,000

---

Definitions:

False Statement

A claim or assertion that is not in accordance with facts or truth.

Malpighian Tubules

Excretory structures that remove wastes from the hemolymph (blood) of insects and arachnids, playing a role in osmoregulation.

Active Transport

A cellular process that moves substances against their concentration gradient, requiring energy.

Toxic Ammonia

Harmful levels of ammonia that can accumulate in the body or environment, potentially leading to health issues or ecological damage.