No Dividends Were Declared in 2014 and 2015

question 103

Multiple Choice

No dividends were declared in 2014 and 2015.During 2016,the total dividends declared amount to $10,000.Currently there are 4,000 shares of $1 cumulative preferred shares outstanding and 10,000 common shares outstanding.The total amount of dividends payable to each class of shares in 2016 amounts to:

• A) $5,500 to preferred, $4,500 to common
• B) $3,000 to preferred, $7,000 to common
• C) $8,000 to preferred, $2,000 to common
• D) $10,000 to preferred, $0 to common

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Definitions:

Sexual Conflict

Occurs when the reproductive interests and strategies of males and females differ, leading to evolutionary arms races between sexes.

Monogamous

A mating system where an individual has only one partner during their lifetime or during a breeding season.

Polygamous

Pertaining to a breeding strategy or societal structure where an individual has more than one mate or spouse simultaneously.

Sexual Reproduction

A mode of reproduction involving the combination of genetic material from two parents to produce genetically diverse offspring.