Multiple Choices

10 !!! = IE Normal No Spacing Heading 1 Heading 2 Thie 1-Fargo Company's outstanding stock consists of 800 shares of noncumulative 5% preferred stock with a $10 par value and 3,400 shares of common stock with a $1 par value. During the first three years of operation, the corporation declared and paid the following total cash dividends. Dividends Declared & Paid $ 24,000 $7,000 $ 33,000 The amount of dividends paid to preferred and common shareholders in year 1 is: year 1 year 2 year 3 a-S400 preferred; $23,600 common. b-$8,000 preferred; $16,000 common. c-$21,000 preferred; $3,000 common. d-$12,000 preferred; $12,000 common. e-$24,000 preferred; $0 common. 2-The total amount of dividends paid to preferred and common shareholders over the three-year period is: a- $11,700 preferred; $30,700 common. b- $10,500 preferred; $31,900 common. c- $3,900 preferred; $38,500 common. d- $10,100 preferred; $32,300 common. e- $7,800 preferred; $34,600 common. 3-Aviation Incorporated has 134,000 shares authorized, 124,000 shares issued and no treasury stock. Determine the number of shares outstanding: a-134,000. 6-124,000. C-10,000. d-0. e-None of the above