121 par value Crane, Inc. has 11400 shares of 5%, £100 par value, noncumulative preference shares and 21400 ordinary shares outstanding at December 31, 2020. There were no dividends declared in 2019. The board of directors declares and pays a £91400 dividend in 2020. What is the amount of dividends received by the ordinary shareholders in 2020? © £91400 O EO O £34400 57000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Crane, Inc. has 11400 shares of 5%, £100 par value, noncumulative preference shares and 21400 ordinary shares with a £1 par value
outstanding at December 31, 2020. There were no dividends declared in 2019. The board of directors declares and pays a £91400
dividend in 2020. What is the amount of dividends received by the ordinary shareholders in 2020?
Ⓒ £91400
O £0
O £34400
E57000
Transcribed Image Text:Crane, Inc. has 11400 shares of 5%, £100 par value, noncumulative preference shares and 21400 ordinary shares with a £1 par value outstanding at December 31, 2020. There were no dividends declared in 2019. The board of directors declares and pays a £91400 dividend in 2020. What is the amount of dividends received by the ordinary shareholders in 2020? Ⓒ £91400 O £0 O £34400 E57000
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