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arda World Security Corporation has the following shares, taken from the equity section of es balance sheet dated December 31 023 Preferred shares, $4.53 non-cumulative, 50,000 shares authorized and issued Common shares, 25,000 shares authorized and issued $5,200,000 All shares were issued during 2021 During its first three years of operations, Garda World Security Corporation declared and paid total dividends as shown in the last column of the following schedule Required: Part A

arda World Security Corporation has the following shares, taken from the equity section of es balance sheet dated December 31 023 Preferred shares, $4.53 non-cumulative, 50,000 shares authorized and issued Common shares, 25,000 shares authorized and issued $5,200,000 All shares were issued during 2021 During its first three years of operations, Garda World Security Corporation declared and paid total dividends as shown in the last column of the following schedule Required: Part A

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Problem 12-5A Dividend allocation LO5 Garda World Security Corporation has the following shares, taken from the equity section of its balance sheet dated December 31, 2023. Preferred shares, $4.53 non-cumulative, 50,000 shares authorized and issued Common shares, 85,000 shares authorized and issued "All shares were issued during 2021 During its first three years of operations, Garde World Security Corporation declared and paid total dividends as shown in the last column of the following schedule Required: Part A 1. Calculate the total dividends paid in each year to the prefered and to the common shuecboldee Year Preferred Dividend 2021 2022 2023 Total for three years S Preferred shares Caninon shares $3,200,000 3,360,000 Common Dividend Dividends Paid per Share 2. Calculate the dividends paid per share to both the preferred and the common shares in 2023. Round the final answers to 2 decimal pieces) Total Dividend $ 165,000 MORGAN FRED405 000 565.000 050$ 1.135.000
Transcribed Image Text:Problem 12-5A Dividend allocation LO5 Garda World Security Corporation has the following shares, taken from the equity section of its balance sheet dated December 31, 2023. Preferred shares, $4.53 non-cumulative, 50,000 shares authorized and issued Common shares, 85,000 shares authorized and issued "All shares were issued during 2021 During its first three years of operations, Garde World Security Corporation declared and paid total dividends as shown in the last column of the following schedule Required: Part A 1. Calculate the total dividends paid in each year to the prefered and to the common shuecboldee Year Preferred Dividend 2021 2022 2023 Total for three years S Preferred shares Caninon shares $3,200,000 3,360,000 Common Dividend Dividends Paid per Share 2. Calculate the dividends paid per share to both the preferred and the common shares in 2023. Round the final answers to 2 decimal pieces) Total Dividend $ 165,000 MORGAN FRED405 000 565.000 050$ 1.135.000
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