Mark is out sailing in his boat one evening when he hears a young girl crying for help in the lake. Which of the following is true?
A) Mark MUST help the girl or he will be liable for negligence.
B) Mark must help the girl ONLY if he knows her.
C) Mark MUST help the girl if he is the girl's uncle.
D) Mark MUST help the girl if he begins to rescue her and moves her to a position farther from the shore.
D
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Watson Company has 5,000 shares of $5 par, 3% preferred stock outstanding, and 25,000 shares of $2 par common stock outstanding. The preferred stock is cumulative and no dividends have been paid for the past two years. If the company wishes to distribute $2 per share to the common stockholders, what is the total amount of dividends that must be paid in the current year?
a. $2,250 b. $50,000 c. $50,750 d. $52,250
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