Flatfish Limited reported the following items in shareholders' equity on December 31, 2020: Share capital: Preferred shares, $4 cumulative dividend, 140,000 shares issued and outstanding $14,000,000 Share capital: Common shares, 772,000 issued and outstanding 30,880,000 Retained earnings 26,890,000 No dividends were declared in 2018 or 2019; however, in 2020, cash dividends of $4,497,800 were declare much would be paid to each class of shares. Preferred Common Total %24 24 2$ 2018 arrears 2019 arrears 2020 %24 2$ %24 eTextbook and Media

Flatfish Limited reported the following items in shareholders' equity on December 31, 2020: Share capital: Preferred shares, $4 cumulative dividend, 140,000 shares issued and outstanding $14,000,000 Share capital: Common shares, 772,000 issued and outstanding 30,880,000 Retained earnings 26,890,000 No dividends were declared in 2018 or 2019; however, in 2020, cash dividends of $4,497,800 were declare much would be paid to each class of shares. Preferred Common Total %24 24 2$ 2018 arrears 2019 arrears 2020 %24 2$ %24 eTextbook and Media

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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Concept explainers

Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.

Question

Assuming that the number of common shares remained constant throughout 2020, what was the cash dividend per share
distributed to the common shareholders? (Round answer to 2 decimal places, e.g. 4.62.)
$
Cash dividend per share
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Flatfish Limited reported the following items in shareholders' equity on December 31, 2020:
Share capital: Preferred shares, $4 cumulative dividend, 140,000 shares issued
and outstanding
$14,000,000
Share capital: Common shares, 772,000 issued and outstanding
30,880,000
Retained earnings
26,890,000
No dividends were declared in 2018 or 2019; however, in 2020, cash dividends of $4,497,800 were declared. Calculate h
much would be paid to each class of shares.
Preferred
Common
Total
%24
24
$4
2018 arrears
2019 arrears
2020
%24
24
24
eTextbook and Media

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