1. Shareholders of a corporation directly elect: a. The president of the corporation. b. The board of...
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Question:
1. Shareholders of a corporation directly elect:
a. The president of the corporation.
b. The board of directors.
c. The treasurer of the corporation.
d. All of the employees of the corporation.
2. A company has 20,000 shares of preferred shares outstanding paying 0.30 cents dividend per share. It also has 110,000 shares of common stock outstanding. If the company pay a total of %15,00 dividend and the preferred stock is non cumulative, what is the amount of dividend common stockholder will receive?
a. %15,000
b. $9,900
c. $9,000
d. Nothing
Related Book For
Canadian Income Taxation planning and decision making
ISBN: 9781259094330
17th edition 2014-2015 version
Authors: Joan Kitunen, William Buckwold
Posted Date: