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If the preference share is cumulative, and the entity did not distribute any dividend for the past three years, how much will be the unpaid dividend of the company? OMR 36,800 OMR 9200 OMR 20,000 None of the listed choices

If the preference share is cumulative, and the entity did not distribute any dividend for the past three years, how much will be the unpaid dividend of the company? OMR 36,800 OMR 9200 OMR 20,000 None of the listed choices

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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If the preference share is cumulative, and the entity did not distribute any dividend for the past three years, how much will be the unpaid dividend of the company? OMR 36,800 OMR 9200 OMR 20,000 None of the listed choices
Transcribed Image Text:If the preference share is cumulative, and the entity did not distribute any dividend for the past three years, how much will be the unpaid dividend of the company? OMR 36,800 OMR 9200 OMR 20,000 None of the listed choices
Al Marjan LLC has 8,000 stocks of 11.5%, OMR 10 face value, preferred stock outstanding on December 31, 2015. On December 31, 2020, the board of directors declared an OMR 20,000 Cash dividend. a. How much amount of dividend will be paid to preference shareholders? OMR 36,800 OMR 9,200 OMR 20,000 None of the listed choices
Transcribed Image Text:Al Marjan LLC has 8,000 stocks of 11.5%, OMR 10 face value, preferred stock outstanding on December 31, 2015. On December 31, 2020, the board of directors declared an OMR 20,000 Cash dividend. a. How much amount of dividend will be paid to preference shareholders? OMR 36,800 OMR 9,200 OMR 20,000 None of the listed choices
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