Topper Corporation Has 60,000 Shares of $1 Par Value Common

question 30

Multiple Choice

Topper Corporation has 60,000 shares of $1 par value common stock and 16,000 shares of cumulative 7%, $100 par preferred stock outstanding. Topper has not paid a dividend for the prior year. If Topper declares a $1.95 per share dividend this year, what will be the total amount they must pay their shareholders?

• A) $117,000.
• B) $341,000.
• C) $327,000.
• D) $177,000.

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Definitions:

Sterile Container

A container that has been treated to destroy all microorganisms, used to hold and protect sterile medical or laboratory instruments.

Disinfectant Swab

A small piece of material used for cleaning surfaces, pre-soaked with a disinfecting solution.

Neurogenic Bladder

Interference with the normal mechanisms of urine elimination in which the client does not perceive bladder fullness and is unable to control the urinary sphincters; the result of impaired neurological function.

Self-Catheterization

The process by which an individual inserts a catheter into their own bladder to drain urine, typically used when natural urination is not possible.