Open account is the safest form of payment from the importer's perspective

Ethics committees are usually interdisciplinary.

a. true b. false

On January 2, 2012, Marshall Inc. issued 5,000 shares of 6% cumulative preferred stock at $100 par value. On December 31, 2015, Marshall Inc. declared and paid its first dividend. What dividends are the preferred stockholders entitled to receive in the current year before any distribution is made to common stockholders?

A. $120,000 B. $90,000 C. $30,000 D. $0