Premier's Outstanding Stock Consists of (A)57,000 Shares of Cumulative 4 $$\begin{array} { c c } 2010 & \$ 0 \\2011 & 38,000 \\2012 & 150,000 \\2013 & 175,000\end{array}$$

question 113

Multiple Choice

Premier's outstanding stock consists of (a) 57,000 shares of cumulative 4.25% preferred stock with a $18 par value and (b) 75,000 shares of common stock with a $1 par value.During its first four years of operation,the corporation declared and paid the following total cash dividends.
$$\begin{array} { c c } 2010 & \$ 0 \\2011 & 38,000 \\2012 & 150,000 \\2013 & 175,000\end{array}$$
What is the amount of dividends that the Common Stockholders receive for all years presented?

• A)$177,000
• B)$188,580
• C)$214,250
• D)$326,000
• E)$363,000

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Definitions:

Superior Vena Cava

Large but short vein that carries deoxygenated blood from the upper half of the body to the heart’s right atrium.

Inferior Vena Cava

A large vein that carries deoxygenated blood from the lower and middle body into the heart's right atrium.

Jugular

Relating to the neck or throat, especially with reference to veins that carry blood back to the heart.

Premature Ventricular Contractions (PVCs)

Extra, abnormal heartbeats originating from the ventricles of the heart, which can cause the sensation of a skipped beat or palpitations.