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

question 203

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 2,100 shares of cumulative,12% 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)$75,600
• B)$88
• C)$25,200
• D)$50,400

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Definitions:

Intense Fear

A powerful emotional response to a perceived threat, characterized by heightened physiological arousal.

Without Distress

A state or condition in which an individual does not experience excessive stress, anxiety, or discomfort.

CS

In a general sense, "CS" can refer to Computer Science, a field dedicated to the study and development of computer systems and applications.

Frightening Experience

An event or situation that induces fear or anxiety, often leading to a stress response or lasting psychological impact.