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

question 6

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% non-cumulative, with $100 par value. On October 15, 2014, the company declares a total dividend payment of $40,000.
- What is the total amount of dividends that will be paid to the common shareholders?

• A) $40,000
• B) $32,000
• C) $400
• D) $4,500

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Definitions:

Other Individuals

refers to people outside of oneself, often mentioned in context of social interactions, influence, or comparison.

Impression Management

The process by which individuals control the perceptions others form of them, often by strategically manipulating information in social interactions.

Basic Tactics

Fundamental strategies or actions taken to achieve short-term objectives and respond to immediate operational challenges.

Assigning Personal Attributes

The process of attributing personal characteristics or qualities to individuals or entities.