Examlex

Solved

The Mailer Corporation Had the Following Classes of Stock Outstanding

question 86

Multiple Choice

The Mailer Corporation had the following classes of stock outstanding as of December 31,2014: Common stock,$20 par value,20,000 shares outstanding
Preferred stock,6 percent,$100 par value,cumulative,2,000 shares outstanding
No dividends were paid on preferred stock for 2012 and 2013.On December 31,2014,a total cash dividend of $200,000 was declared.What are the amounts of dividends payable on both the common and preferred stock,respectively?


Definitions:

Entrepreneur

An individual who creates, organizes, and manages a business venture, taking on greater than normal financial risks in order to do so.

Habit-breaking Strategies

Techniques or plans designed to help individuals break free from habitual behaviors or patterns that they find undesirable.

Idea Generation

The process of coming up with, refining, and disseminating fresh ideas.

Strategy

A plan of action designed to achieve a long-term or overall aim.

Related Questions