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

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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