SoyCom Corporation Has 100 Shares of $100,6% Cumulative Nonparticipating Preferred

question 110

Multiple Choice

Soy.com Corporation has 100 shares of $100,6% cumulative nonparticipating preferred stock and 1,000 shares of $10 par value common stock outstanding.The company paid $2,000 cash dividends including one-year dividends in arrears to preferred stockholders.Preferred stockholders received:

• A)$1,200.
• B)$2,000.
• C)$182.
• D)$600.

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Definitions:

Intrapreneurship

The practice of developing a new venture within an existing organization to innovate or drive new product development.

Typical Entrepreneur

Often portrays an individual who is innovative, takes risks, and pursues opportunities for growth and development in business ventures.

Small Businesses

Entrepreneurial ventures or companies with a small number of employees and relatively low revenue, typically characterized by close customer relationships and local operations.

Avert Failure

Strategies or actions taken to prevent or minimize the likelihood of errors, problems, or unsuccessful outcomes.