Outstanding stock of the Sheridan Company included 35000 shares of $5 par common stock and 14000 shares of 5%, $10 par non-cumulative preferred stock. In 2016, Sheridan declared and paid dividends of $3500. In 2017, Sheridan declared and paid dividends of $10500. How much of the 2017 dividend was distributed to preferred shareholders

Which of the following makes a true statement about the relationship between government and financial institutions? government and financial institutions do not interact with each other. financial institutions like the u.s. treasury must approve increases in the government deficit. government can pass laws to limit what financial institutions can charge in interest and fees. financial institutions like local banks must approve interest rates set by the federal reserve.