A Company's Board of Directors Votes to Declare a Total

question 134

Multiple Choice

A company's board of directors votes to declare a total cash dividend of $25,000.The company has 2,500 shares of $1 par common stock and 400 shares of 4%,$200 par preferred stock outstanding.What is the total amount that will be paid to preferred shareholders?

• A)$1,000
• B)$22,500
• C)$400
• D)$3,200
• E)$25,000

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Definitions:

Molecular Biology

The branch of biology that deals with the structure and function of the macromolecules essential to life, such as nucleic acids and proteins, and how these molecules influence cellular processes.

Microbiology

The branch of science that deals with the study of microscopic organisms, including bacteria, viruses, fungi, and protozoa.

Surface Anatomy

The study of the external features of the body and how they relate to the underlying structures.

Tissue Types

Various categories of biological tissues, including epithelial, connective, muscle, and nervous tissues, each with specific functions in the body.