Helping sustain the physical environment is considered to be part of having good ethical skills

A company decides to ignore a very small error in its inventory balance. This is an example of the application of the ________

A) conservatism B) materiality concept C) disclosure principle D) consistency principle

From its inception through the year of 2016, Quicksales, Inc was profitable and made strong dividend payments each year

In the year 2017, Quicksales had major losses and paid no dividends. In 2018, the company started making large profits again, and they were able to pay dividends to all shareholders-both common and preferred. There are 2,000 shares of cumulative, 10% preferred stock outstanding. The preferred stock has a par value of $100. What is the total amount of dividends that should be paid to the preferred stockholders in December, 2018? A) $60,000 B) $90 C) $20,000 D) $40,000