From Its Inception Through the Year of 2016,Quicksales,Inc

question 109

Multiple Choice

From its inception through the year of 2016,Quicksales,Inc.was profitable and made strong dividend payments each year.In the year 2017,Quicksales had major losses and paid no dividends.In 2018,the company started making large profits again,and they were able to pay dividends to all shareholders-both common and preferred.There are 2,000 shares of cumulative,10% preferred stock outstanding.The preferred stock has a par value of $100.What is the total amount of dividends that should be paid to the preferred stockholders in December,2018?

• A)$60,000
• B)$90
• C)$20,000
• D)$40,000

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Definitions:

Schizophrenia

A severe psychological disorder characterized by loss of contact with reality, hallucinations, delusions, inappropriate or flat affect, some disturbance in thinking, social withdrawal, and/or other bizarre behavior.

Family Patterns

The recurring behaviors, traditions, and norms observed within a family unit.

Family Therapy Practitioner

A therapist specializing in treating psychological, behavioral, and emotional issues by working with families as a whole unit.

Childhood Experiences

The events, situations, and milestones that occur during the early years of life, significantly influencing an individual's development and personality.