Healthy Farmer,Inc

question 39

Multiple Choice

Healthy Farmer,Inc.has 46,000 shares of common stock outstanding and 3000 shares of preferred stock outstanding.The common stock is $0.03 par value; the preferred stock is 7% noncumulative with a $100.00 par value.On October 15,2019,the company declares a total dividend payment of $43,000.What is the total amount of dividends that will be paid to the common stockholders?

• A) $43,000
• B) $22,000
• C) $1380
• D) $9000

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Definitions:

Menstruation

The monthly shedding of the lining of the uterus (endometrium) that results in bleeding from the vagina, part of the female reproductive cycle.

Estrogen

A group of steroid hormones that promote the development and maintenance of female characteristics of the body.

Progesterone

A steroid hormone released by the ovaries, placenta, and adrenal glands that plays a key role in the menstrual cycle, pregnancy, and embryogenesis.

Menstrual Cycle

A recurring cycle in women and female primates where the lining of the uterus is prepared for pregnancy and, if pregnancy does not occur, shed through menstruation.