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NEW QUESTION: 1
Morgan Inc. was organized on January 2, 1997 with the following capital structure: 10% cumulative preferred stock, par value $100 and liquidation value $105; authorized, issued and outstanding
1,000shares, $100,000 Common stock, par value $25; authorized 100,000 shares; Issued and outstanding
10,000 shares, $250,000 Morgan had net income of $450,000 for its first year, but no dividends were declared. How much was Morgan's book value per preferred share at December 31, 1997?
A. $100
B. $105
C. $115
D. $110
E. $145
Answer: C
Explanation:
Explanation/Reference:
Explanation:
The book value per share of cumulative preferred stock is its liquidation value plus any dividends in arrears. Thus, the book value per preferred share is the $105 liquidation value plus $10 ($100 X 10%) of dividends in arrears, or $115.

NEW QUESTION: 2
What is the key concept to achieving high availability and avoiding a single point of failure?
A. Vertical scalability
B. Redundancy
C. Recoverability
D. Auditing
Answer: B

NEW QUESTION: 3
When policy created in the VPM is installed, what two files does the VPM update on the ProxySG? (Choose two.)
A. VPM-CPL file
B. VPM-XML file
C. Central policy file
D. Local policy file
Answer: A,B

NEW QUESTION: 4
Which fields must be specified to define an inventory item's reorder details?
A. Reorder, Reorder Point, Safety Stock, and Order Unit
B. Reorder, Reorder Point, Lead Time, and Economic Order Quantity
C. Reorder, Reorder Point, Lead Time, and Primary Vendor
D. Reorder, Reorder Point, Safety Stock, and Economic Order Quantity
Answer: B