ABC Company has 150,000 cumulative preferred shares outstanding and 250,000 common shares outstanding. The preferred shares are entitled to a dividend of $1 per share, but the company has not paid any dividends for the last two years. The Board of Directors declares total dividends of $750,000 this year. What amount is paid to the common shareholders? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a a $250,000 b $300,000 $600,000 d $750,000 Which one of the following is not a basic right of an owner of common share? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a Sharing in the responsibility of setting next year's budget. b b Participation in the corporation by voting in shareholder meetings. Sharing in the distribution of assets of the corporation at liquidation. d Participation in the profits of the corporation through dividends declared by the board of directors. Which of the following is eligible for dividends? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a The number of shares of authorized. b The number of shares issued. . The number of shares outstanding. d The number of treasury shares. MCQ The date on which a cash dividend becomes a binding legal obligation is on the Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a date of record. b declaration date. last day of the fiscal year end. d payment date. MCQ Parkland Limited has 20,000 common shares issued and outstanding at January 1, 2021. On July 1, the company sold an additional 10,000 common shares for proceeds of $100,000. Net income for the year was $30,000. What would the earnings per share be? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer $1.00 b $1.20 $3.33 d d $4.00