Organic Produce,Inc

question 37

Multiple Choice

Organic Produce,Inc.has 49,000 shares of common stock outstanding and 6000 shares of preferred stock outstanding.The common stock is $0.08 par value; the preferred stock is 4% noncumulative with a $100.00 par value.On October 15,2019,the company declares a total dividend payment of $56,000.How much dividend will be paid to the preferred stockholders?

• A) $56,000
• B) $48,000
• C) $24,000
• D) $3920

---

Definitions:

Skin Infections

Diseases involving the invasion of pathogenic organisms into the skin, leading to symptoms like redness, pain, and swelling.

Medical Settings

Environments or contexts related to the practice of medicine, such as hospitals, clinics, and private practices.

Syphilis

A bacterial infection usually spread by sexual contact that starts as a painless sore and can eventually lead to severe health problems if left untreated.

Stages

Progressive phases or levels in processes, development, or disease progression, used to describe advancement or evolution.