Occidental Produce Company Has 40,000 Shares of Common Stock Outstanding

question 69

Multiple Choice

Occidental Produce Company has 40,000 shares of common stock outstanding and 2,000 shares of preferred stock outstanding. The common stock is $0.01 par value; the preferred stock is 4% noncumulative, with $100 par value. On October 15, 2015, the company declares a total dividend payment of $40,000. How much dividend will be paid to the preferred shareholders?

• A)$40,000
• B)$2,000
• C)$8,000
• D)$4,500

Understand how to endorse checks and manage check transactions in a medical practice.

Grasp the fundamentals of financial health reporting for a medical practice.

Learn the reconciliation process of office financial records with bank statements.

Explain the significance of maintaining a daily log of patient charges and payments.

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Waiting in Line

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