ABC Company Has 50,000 Shares of $1 Par Value Common

question 69

Essay

ABC Company has 50,000 shares of $1 par value common stock issued and outstanding. The company also has 2,000 shares of $100 par value, 5% cumulative preferred stock outstanding. ABC did not pay the preferred dividends in 2010 and 2011. What amount of dividends must the company declare in 2012 for the common stockholders to receive a dividend?

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Definitions:

Loud Noise

A strong and potentially disturbing sound of high amplitude.

Startle and Fear Response

The automatic reaction to unexpected or threatening stimuli, often involving physical movement away from the source of threat.

Natural Environment Type Phobia

An intense, irrational fear of objects or situations that occur in the natural environment, such as heights, storms, or water.

Situational Type Phobia

A type of anxiety disorder where an individual experiences intense fear or anxiety about specific situations or environments.