Nichols,Inc.has 1000 shares of 4%,$100 par value,cumulative preferred stock and 75,000 shares of $1 par value common stock outstanding at December 31 of the current year.What is the annual dividend that will be paid to the preferred stockholders?
A) $1000
B) $4000
C) $100,000
D) $0.Preferred stockholders are not guaranteed an annual dividend payment.
Correct Answer:
Verified
Q101: Corrao Foods Corporation has 5000 shares of
Q102: Declaring and distributing stock dividends:
A)increases retained earnings.
B)increases
Q103: On February 1,a corporation has 40,000 shares
Q104: Arnold,Inc.declares and distributes a 10% common stock
Q105: The Home Store reported the following figures:
Q107: A small stock dividend will:
A)reduce total assets.
B)reduce
Q108: An increase in the number of issued
Q109: A stock split:
A)increases assets and decreases stockholders'
Q110: On December 31 of the current year,Pilozzi
Q111: Corporations may choose to distribute stock dividends
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents