Lucille Corporation has 70,000, 6% ,20 par cumulative, participating preference shares outstanding and 150,000 shares 10 par ordinary shares. The company declared and paid cash dividend for the current year amounting to 500,000. Assume that no dividends declared for 2 years, earnings per share of each type of shares would be?

Lucille Corporation has 70,000, 6% ,20 par cumulative, participating preference shares outstanding and 150,000 shares 10 par ordinary shares. The company declared and paid cash dividend for the current year amounting to 500,000. Assume that no dividends declared for 2 years, earnings per share of each type of shares would be?

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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