Ethel Inc.has 15,000, $3, noncumulative preferred shares and 200,000 common shares issued.What is the total annual dividend on the preferred shares?
A)$15,000
B)$45,000
C)$200,000
D)$400,000

Question

Quizplus · Accepted Answer

The total annual dividend on the preferred shares is calculated by multiplying the number of preferred shares by the dividend per share. Therefore, 15,000 shares * $3 = $45,000.

Ethel IncHas 15,000, $3, Noncumulative Preferred Shares and 200,000 Common Shares