Value has been given by the holder if he or she acquires a security interest in or lien on an instrument
Indicate whether the statement is true or false
TRUE
Business
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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
Business
Motivation is _____
a. an external force that directs individuals toward certain goals b. an internal state that directs individuals toward certain goals c. activated by the same need profile for everyone d. activated solely by the valence of one's ability e. none of the above
Business