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