Vision Corporation Has the Following Information on Its Financial Statement

question 103

Multiple Choice

Vision Corporation has the following information on its financial statement:
$\begin{array}{lr}\text { Preference share } 6 \%, \$ 100 \text { par, non-cumulative, } 10,000 \text { shares authorized } & \$ 450,000 \\\text { Ordinary shares, } \$ 3 \text { par, } 500,000 \text { shares authorized, } 240,000 \text { issued } & 720,000 \\\text { Share premium: preference shares } & 750,000 \\\text { Share premium: ordinary shares } & 3,000,000 \\\text { Retained earnings } & 1,1192,500\end{array}$


-Refer to the above data. If Vision did not pay a dividend for the last two years, but declared a dividend this year, how much will they have to declare in order for the ordinary shareholders to receive $.45 per share?

• A) $135,000
• B) $306,000
• C) $108,000
• D) Some other amount

Differentiate between monotheism, polytheism, animism, and other forms of belief systems.

Understand the roles and functions of religious leaders and practitioners within societies.

Understand the concept of capital structure and how it influences a firm's valuation.

Recognize the effects of leveraging and financial distress on a firm's performance.

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Definitions:

Melatonin

A hormone produced by the pineal gland that regulates sleep and wakefulness.

Testosterone

A steroid hormone produced primarily in the testes of males and the ovaries of females, playing key roles in health and disease, including influencing sexual function, muscle mass, and mood.

Progesterone

A hormone released by the ovaries which regulates the condition of the inner lining (endometrium) of the uterus and is essential for maintaining pregnancy.

Neurotransmitter

Chemical substances in the nervous system that transmit signals across a synapse from one neuron to another.