6 ration issued 10.000 shares of $100 par, 5%, cumulative, Att beginning of 2014, Emey Con preferred stock for $110 per share. No dividends have been paid to preferred or common What amount of dividends will a preferred shareholder owning 100 shares receive in 2016 if Emily pays $1,000,000 in dividends? A $500. B. $1,500. C. $1,650. D. $10,000. 7.. Beagle Corporation has 20,000 shares of $10 par common stock outstanding and 10,000 shares of $100 par, 6% cumulative, nonparticipating preferred stock outstanding. Dividends have not been paid for the past two years. This year, a $300,000 dividend will be paid. What are the dividends per share payable to preferred and common, A. $6; $12. B. $18; $6. C. $6: $6. D. None of these answer choices is correct. 8. The employer has an obligation to provide future benefits for: A. Defined benefit pension plans. B. Defined contribution pension plans. C. Defined benefit and defined contribution plans. D. None of these answer choices are correct. 9.. The portion of the obligation that plan participants are entitled to receive regardless of their continued empl called the: A. Vested benefit obligation. B. Retiree benefit obligation. C. Actual benefit obligation. D. True benefit obligation. 10. Eligibility for postretirement health care benefits usually is based on the employee's: A. Job title. B. Number of years in the profession. C. Number of years in the current position. D. Age and/or years of service. 11. GAAP regarding accounting for income taxes requires the following procedure A. Computation of deferred tax assets and liabilities based on temporary differences. B. Computation of deferred income tax based on permanent differences. C. Computation of income tax expense based on taxable income. D. Computation of deferred income tax based on temporary and permanent differences