Distribution to the preferred stockholders

Reference no: EM13131166

The outstanding stock is composed of 10,000 shares of $100 par, cumulative preferred 5% stock, and 50,000 shares of $20 par common stock. Preferred dividends have been paid every year except for the preceding two years and the current year. If $145,000 is to be distributed as a dividend for the current year, what total amount will be distributed to the preferred stockholders?

a. $75,000

b. $0

c. $145,000

d. $150,000

Reference no: EM13131166

Questions Cloud

Distribution as a dividend for the current year : If $380,000 is to be distributed as a dividend for the current year, what total amount will be distributed to the common stockholders?

The committee of inquiry : The Committee of Inquiry has just concluded its report on its findings and recommendations in relation to the recent series of major train disruptions in Singapore

What is the number of shares outstanding : The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 40,000 shares were originally issued and 5,000 were subsequently reacquired. What is the number of shares outstanding?

What is the molarity of a solution : what is the molarity of a solution that contains 36.0g of vitamin B1 hydrochloride (molar mass = 337g/mol) in 190mL of solution?

Distribution to the preferred stockholders : Preferred dividends have been paid every year except for the preceding two years and the current year. If $145,000 is to be distributed as a dividend for the current year, what total amount will be distributed to the preferred stockholders?

Find probability that all six arrive within two days : The same city are delivered within two days. Six parcels are randomly sent to different locations. What is the probability that all six arrive within two days?

Obtaining data from frequency table : A consumer's group checked the gasoline mileage (to the nearest mile per gallon) on 25 different cars. The following gives a summary of the findings:

Prepare a justification report : Create a plan that identifies what information you will need to prepare a justification report making a recommendation to an organization to implement a particular product, service, or program

Annual growth rate for gdp : Obtain annual data for a series of economic indicators from the ABS National accounts database. The economic indicators you are required to research are annual growth rate for GDP

User Account

All Pages