Flatfish Limited reported the following items in shareholders' equity on December 31, 2020:Share capital: Preferred shares, $5 cumulative dividend, 144,000 shares issuedand outstandingShare capital: Common shares, 699,000 issued and outstandingRetained earnings2018 arrears2019 arrearsNo dividends were declared in 2018 or 2019; however, in 2020, cash dividends of $4,851.150 were declared. Calculate how muchwould be paid to each class of shares.20202018 arrears2019 arrearsPreferred2020Preferred$No dividends were declared in 2018 or 2019; however, in 2020, cash dividends of $4,851.150 were declared. Calculate how muchwould be paid to each class of shares.CommonCash dividend per share$$14,400,000Common27,960,000$22,900,000TotalSTotalAssuming that the number of common shares remained constant throughout 2020, what was the cash dividend per sharedistributed to the common shareholders? (Round answer to 2 decimal places, e.g. 4.62.)$

Dividend is the return which is paid to the shareholders for investing in the business entity and…

Flatfish Limited reported the following items in shareholders' equity on December 31, 2020: Share capital: Preferred shares, $5 cumulative dividend, 144,000 shares issued and outstanding Share capital: Common shares, 699,000 issued and outstanding Retained earnings 2018 arrears No dividends were declared in 2018 or 2019, however, in 2020, cash dividends of $4,851.150 were declared. Calculate how much would be paid to each class of shares. 2019 arrears 2020 Preferred $ $14,400,000 27,960,000 Common 22,900,000 Total $

Flatfish Limited reported the following items in shareholders' equity on December 31, 2020: Share capital: Preferred shares, $5 cumulative dividend, 144,000 shares issued and outstanding Share capital: Common shares, 699,000 issued and outstanding Retained earnings 2018 arrears No dividends were declared in 2018 or 2019, however, in 2020, cash dividends of $4,851.150 were declared. Calculate how much would be paid to each class of shares. 2019 arrears 2020 Preferred $ $14,400,000 27,960,000 Common 22,900,000 Total $

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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