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

question 82

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.
$\begin{array}{cc}2010 & \$ 0 \\2011 & 38,000 \\2012 & 150,000 \\2013 & 175,000\end{array}$
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

---

Definitions:

Black Codes

Laws passed in the United States, particularly in the Southern states after the Civil War, aimed at restricting African Americans' freedoms and compelling them to work in a labor economy based on low wages or debt.

Free Labor Principles

Ideals that oppose slavery and other forms of coerced labor, emphasizing the right of individuals to enter, negotiate, and operate within a labor market freely.

Radical Reconstruction

The period after the Civil War during which Northern leaders attempted to rebuild and transform the Southern states government and society, including granting civil rights to freed slaves.

Civil Rights Bill Veto

An instance of a president or governor rejecting proposed legislation designed to protect or enhance rights for marginalized groups.