Prevage Corporation Has 10,000 Shares of $10 Cumulative Preferred Shares

question 85

Multiple Choice

Prevage Corporation has 10,000 shares of $10 cumulative preferred shares outstanding and 50,000 common shares outstanding.As of the beginning of this fiscal year,there were 2 years' dividends in arrears on the preferred shares.The board of directors wants to give the common shareholders a $1.50 dividend per share at the end of this fiscal year.The total dividends to be declared by the Prevage Corporation are:

• A) $105,000
• B) $120,000
• C) $175,000
• D) $375,000

---

Definitions:

Controlling Consequences

Managing or influencing the outcomes of actions or behaviors to achieve desired results.

Token Economy

A behavior modification system that utilizes tokens as reinforcement for desired behaviors, which can later be exchanged for privileges or rewards.

Schizophrenia Patient

A schizophrenia patient is an individual diagnosed with schizophrenia, a mental disorder marked by distorted thinking, perceptions, emotions, language, sense of self, and behavior.

Socially Active

Engaging in and contributing to community or social group activities, showing involvement with others in public contexts.