Denson, inc. has 10,000 shares of 7%, $100 par value, non-cumulative preferred stock and 40,000 shares of $1 par value common stock outstanding at december 31, 2014. there were no dividends declared in 2013. the board of directors declares and pays a $120,000 dividend in 2014. what is the amount of dividends received by the common stockholders in 2014? a. $0.b. $70,000.c. $120,000.d. $50,000.

d. $50,000.

Explanation:

the preferred stock are non-cumulative so their unpaid dividends of previous year are not accumulated and carry over the following years.

10,000 shares x $100 x 7% = $70,000 dividends to preferred shares

120,000declared dividends

- 70,000 preferred dividends

  50,000 available for common stock

explanation: doctrine of respondeat superior is a legal doctrine that is commonly used in tort. this principle makes an employer or principal legally responsible for the wrongful acts done by an employee or agent, if such acts occur within the scope of the employment or agency.

muslims control the north africa during the period of 1500 up

to 1800. they made a barrier to prevent further european exploration from

entering the africa from the north. however, the dutch ware still able to move

toward the interior with having south africa as one of the routes leading to

the east for trading with asia.