Question 1 Which of the following is not a prcterence that prctcrred stock typically has relative to common stock? Dividend distribution Resource distribution upon liquidation Voting rights Distribution of dividends hamar L Question 2 Under the par value method, the balance in the Treasury Stock account for a company's common stock is alia the average amount of paid in capital of the company's custarvingers reported as a reduction of the balance of the common stock account reported as a rechalion of total stockholders' equity equal to the cost to reacquire the treasury shares. D Question 3 BX had the following shares outstanding Preferred stack, 6K, $50 par value 2,000 shares Common stock, $100 par value, 2.000 shares The preferred stock is cumulative, fully participating: dividends are three years in arrears, excluding the current year. Dividends declared in the current year amount to $42.000. The total amount of dividends to which common stockholders are entitled is: $26.000 $94.000 $20.000 $14.000 Question 4 On December 31, 20x1, ATC declared and distributed a property dividend. On that date, the property to be distributed had a carrying value of $100.000 and a fair market value of $180.000. How much gain should ATC report as a result of this declaration? $0 O $80.000 $100.000 O $180.000