Flatfish Limited reported the following items in shareholders' equity on December 31, 2020: Share capital: Preferred shares, $4 cumulative dividend, 153,000 shares issued and outstanding $15,300,000 Share capital: Common shares, 782,000 issued and outstanding 23,460,000 Retained earnings 23,130,000 No dividends were declared in 2018 or 2019; however, in 2020, cash dividends of $5,511,400 were declared. Calculate how much would be paid to each class of shares. Preferred Common Total 2$ 2018 arrears 2$ 2019 arrears 2020 2$ $ 2$ eTextbook and Media 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.) 2$ Cash dividend per share
Flatfish Limited reported the following items in shareholders' equity on December 31, 2020: Share capital: Preferred shares, $4 cumulative dividend, 153,000 shares issued and outstanding $15,300,000 Share capital: Common shares, 782,000 issued and outstanding 23,460,000 Retained earnings 23,130,000 No dividends were declared in 2018 or 2019; however, in 2020, cash dividends of $5,511,400 were declared. Calculate how much would be paid to each class of shares. Preferred Common Total 2$ 2018 arrears 2$ 2019 arrears 2020 2$ $ 2$ eTextbook and Media 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.) 2$ Cash dividend per share
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Flatfish Limited reported the following items in shareholders' equity on December 31, 2020:
Share capital: Preferred shares, $4 cumulative dividend, 153,000 shares issued
and outstanding
$15,300,000
Share capital: Common shares, 782,000 issued and outstanding
23,460,000
Retained earnings
23,130,000
No dividends were declared in 2018 or 2019; however, in 2020, cash dividends of $5,511,400 were declared. Calculate how much
would be paid to each class of shares.
Preferred
Common
Total
2018 arrears
2019 arrears
2020
eTextbook and Media
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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