A firm has an outstanding issue of 1,000 shares of preferred stock with a $100 par value and an 8 percent annual dividend. The firm also has 5,000 shares of common stock outstanding
If the stock is cumulative and the board of directors has passed the preferred dividend for the prior two years, how much must the preferred stockholders be paid prior to paying dividends to common stockholders at the end of third year?
A) $ 8,000
B) $16,000
C) $24,000
D) $25,000
C
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The President of the United States
a. creates federal common law. b. can veto Congressional legislation. c. determines the constitutionality of statutes. d. passes statutes.
Regarding alternative transporting modes, which of the following statements is true?
A. Airfreight is quickest. B. Waterways usually provide the lowest cost way of shipping heavy freight. C. Pipelines offer reliability in moving oil and natural gas. D. Trucks serve the most locations. E. All these answers is correct.
You plan to purchase a personal automobile policy on your new car. You want to be able to understand the four basic parts, which are:
What will be an ideal response?
Stock which has been issued and subsequently reacquired by the issuing corporation is called
A) letter stock. B) treasury stock. C) classified stock. D) book stock.