No dividends were declared in 2022 or 2023; however, in 2024, cash dividends of $5,338,950 were declared. Calculate how much would be paid to each class of shares. Arrears 2022 Arrears 2023 Current 2024 $ $ Preferred $ $ Common $ $ Total
No dividends were declared in 2022 or 2023; however, in 2024, cash dividends of $5,338,950 were declared. Calculate how much would be paid to each class of shares. Arrears 2022 Arrears 2023 Current 2024 $ $ Preferred $ $ Common $ $ Total
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Sunland Limited reported the following items in shareholders' equity on December 31, 2024:
Share capital: Common shares, 711,000 issued and outstanding. $28,440,000

Transcribed Image Text:No dividends were declared in 2022 or 2023; however, in 2024, cash dividends of $5,338,950 were declared. Calculate how much
would be paid to each class of shares.
Arrears 2022
Arrears 2023
Current 2024
$
Preferred
tA
Common
$
$
Total

Transcribed Image Text:Assuming that the number of common shares remained constant throughout 2024, 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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