Oceanview Wholesale Merchandise had 20,000 shares of 6%, $20 par value preferred stock and 15,000 shares of $25 par value common stock outstanding throughout 2014. Assuming that the total dividends declared in 2014 were $190,000 and that the cumulative preferred stock received dividends in the following manner: In full up to 2010, $18,000 in 2011, $4,000 in 2012, and $15,000 in 2013; common stockholders should receive total 2014 dividends of:

Restrictions of retained earnings may result from each of the following except: Question 8 options: contractual restrictions. legal restrictions. prior period adjustment restrictions. voluntary restrictions.

Trinity Manufacturing declared a 10% stock dividend when it had 150,000 shares of $3 par value common stock outstanding. The market price per common share was $11 per share when the dividend was declared. The entry to record this dividend declaration includes a credit to: Question 10 options: Paid-in Capital in Excess of Par - CS for $120,000. Retained Earnings for $45,000. Common Stock Dividends Distributable for $180,000. Common Stock for $45,000.