1) Because reporting investments that are expected cash realizable value of the securities is the best approach, investments are valued at

A: Cost

B: Fair value

C: Amortized cost

D: Lower of cost or market.

2) Coronado Inc., has 5800 shares of 6%, $100 par value, non-cumulative preferred stock, and 58,000 shares of one dollar par value common stock outstanding at December 31, 2020. If the board of directors declares a 107,000 dividend the

A: Preferred stockholders will receive 1/10 of what the common stockholders will receive.

B: $34,800 will be held as restricted retained earnings and paid out at some future date.

C: Preferred stockholders will receive $34,800 and the common stockholders will receive $65,900.

D: Preferred stockholders will receive the entire $100700.

3) Crane Inc. has 5400 shares of 8%, $100 par value, non-cumulative preferred stock and 10800 shares of $1 par value common stock outstanding at December 31, 2020. There was no dividends declared in 2019. The board of directors declared and pays a 65,400 dividend in 2020. What is the amount of dividends received by the common stockholders in 2020?

A: $43200

B: $0

C: $22200

D: $65400