the shareholders' equity of WBL industries includes the items shown below. The board of directors of WBL declared cash dividends of $14 million, $10 million, and $50 million in its first three years of operation-2013, 2014, and 2015 respectively. The total amount of dividends to be paid to preferred and common shareholders over the three years, assuming that the preferred stock is cumulative and nonparticipating, is: A. $40 million and $38 million, respectively B. $48 million and $26 million, respectively C. $24 million and $26 million, respectively D. none of the above on June 1, 2013 Blue Co. distributed to its common stockholders 100,000 outstanding common shares of its investment in Red, Inc., and unrelated party. The carrying amount of Blue's books of Red's $1 par common stock was $2 per share. Immediately after the declaration, the market price of Red's stock was $3 per share. In its income statement for the year ended June 30, 2013, what amount should Blue Co. report before income taxes on disposal of the stock? A. $100,000 gain B. $100,000 loss C. $300,000 gain D. $200,000 gain on January 1, 2013, VKI Corporation awarded 10 million of its $1 par common shares equally to ten key employees, subject to forfeiture if employment is terminated within three years. On the grant date, the shares have a market price of $1.50 per share. Assume that one of the ten key employees terminated his/her employment in 2014 and all the others completed the required service period. The amount of compensation expense that VKI Corporation will recognize in its 2013, 2014, and 2015, respectively, is: A. $5 million, $5 million, $5 million B. $4.5 million, $4.5 million, $4.5 million C. $ 5 million, $4 million, $4.5 million D. $5 million, $4.25 million, $4.25 million