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Multiple Choice ABC Corporation opening retained eamings were $250,000 at 1/0112018 Net income after taxes for the year ending 12/31/2018 was $150,000 ABC Corporation had issued 110.000 shares of common stock over the years, of which 105,000 are currently outstanding. It declared& paild a dividend of $.40 per share to the stockholders What were the retained eanings of ABC Corporation at 12/31/2018 $440,000 $358,000 $400,000 $250,000 7) Preferred Stock may have priority over common stock except in: assets in the event of liquidation dividends cumulative dividend features voting b) 8)a) Contribution Margin: is revenue remaining after deducting variable costs is revenue remaining after deducting cost of goods sold is revenue remaining after deducting variable costs & fixed costs is net income before income taxes b) d) Gossen Company is planning to sell 200,000 pliers for $4.00 per unit. The contribution margin ratio is 25%. If Gossen will breakeven at this level of sales, what is fixed costs ? a) b) c) $100,000 $160,000 $200,000 $300,000 d) 10) Variable cost are costs that vary in total directly& proportionately with changes in the activity level remain the same at every activity leve Neither of the above Both (a) & (b) above b) c) d) Common Stock$10,00O, Neta d) U-Bet Corporation has 10,000 shares of 8%, $100 par value, preferred stock outstanding at December 21, 2018. If U-Bet wishes to pay a dividend to all stockholders in 2016, how much need be paid to the preferred stockholders before any dividend is paid to the common stockholders? a) 5) $o $80,000 $160,000 $135,000 b) d)