Aspin Skis has 5,000 shares of $100 par value 10% preferred stock issued and outstanding. This stock is non-cumulative. The Board of Directors of Tahoe snowboards did not declare dividends on the preferred stock in 2009 and 2010 . In 2011, how much must be paid to the preferred shareholders before the common shareholders can be paid a dividend?

All of the following are provisions of the Credit CARD Act of 2009 except

A) cardholders must be given at least 21 days from the day in which the bill is mailed to make a payment. B) cardholders younger than age 21 must show proof of their income or have a co-signer. C) cardholders can spend beyond the limit imposed on the credit card. D) promotional interest rates must be offered for a period of at least six months.

On January 1, 2016, Conner Corporation purchased 100,000 of the 400,000 shares of outstanding stock of JJ Company for $560,000. Net income reported by JJ Company for 2016 was $600,000

Dividends declared and paid by JJ Company during 2016 were $130,000. The Equity-method Investment will be reported on Conner Corporation's December 31, 2016 balance sheet in the amount of: A) $560,000. B) $592,500. C) $677,500. D) $742,500.