Electric, Inc. was incorporated on January 1, 2016. Electric issued 4000 shares of common stock and 1200 shares of preferred stock on that date. The preferred stock is cumulative, $100 par, with an 12% dividend rate. Electric has not paid any dividends yet. In 2019, Electric had its first profitable year, and on November 1, 2019, Electric declared a total dividend of $63,000. What is the total amount that will be paid to preferred shareholders?
A) $14,400
B) $57,600
C) $13,200
D) $63,000
B) $57,600
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Answer the following statements true (T) or false (F)
1. Globalization refers to decreasing constraints, whether economic, political, or cultural among the peoples of the world. 2. Canadian universities are increasingly recruiting faculty and students from other nations. The global labour market is an example of political globalization. 3. NAFTA is a result of economic globalization. 4. American cultural imperialism has resulted in shifting values in other nations. 5. Whereas political and social/cultural globalization are controversial, economic globalization is accepted as a positive approach.
Which of the following would appear as an extraordinary item on the income statement?
A) loss resulting from the sale of fixed assets B) gain resulting from the disposal of a segment of the business C) loss from land condemned for public use D) liquidating dividend
Define and compare the terms "vagueness" and "ambiguity."
Many International Olympic Committee members had to resign after accepting bribes in connection with the Salt Lake City Olympics
Indicate whether the statement is true or false