23. A poration's distribution of additional shares of its own stock to its stockholders without the receipt of any payment in return is called a: A) Stock dividend. B) Stock subscription. C) Premium on stock D) Discount on stock E) Treasury stock. 24. Preferred stock with a feature allowing preferred stockholders to share with common shareholders in any dividends in excess of the percent or dollar amount stated on the preferred stock is called: A) Cumulative preferred stock. B) Callable preferred stock. C) Participating preferred stock. D) Convertible preferred stock. E) Preferential preferred stock 25, A company has 200,000 shares of $1 par value common stock and 20,000 shares of 7% par, cumulative preferred stock outstanding. The balance in Retained Earnings at the beginning of the year was $1,500,000 and one year's dividends were in arrears. Net inc for the current year was $2,000,000. If the company paid a dividend of $3 per share on common stock, what is the balance in Retained Earnings at the end of the year? A) $ 3,500,000 B) S 2,900,000 C) $2,760,000 D) $ 2,620,000 E) $ 620,000