Wininger Corporation Has 1,000 Shares of 6%,$50 Par Value,cumulative Preferred

question 125

Multiple Choice

Wininger Corporation has 1,000 shares of 6%,$50 par value,cumulative preferred stock and 25,000 shares of $1 par value common stock outstanding on December 31,2014 and December 31,2015.The board of directors declared and paid a $2,000 dividend in 2014.In 2015,$12,000 of dividends are declared and paid.What are the dividends received by the common stockholders in 2015?

• A)$3,000
• B)$8,000
• C)$9,000
• D)$12,000

---

Definitions:

Police Powers

The authority granted to a state to regulate matters for the betterment of the health, safety, morals, and general welfare of its inhabitants.

Building Codes

Regulations that specify the standards for constructed objects such as buildings and nonbuilding structures to ensure safety and health standards are met.

Sound Amplifying Systems

refer to electronic equipment used to increase the volume of sound, often used in public addresses, concerts, or broadcasting.

Unconstitutional Restriction

A limitation or prohibition that violates the principles or provisions of a constitution, especially regarding individual rights and freedoms.