Oriole Fashions has 2,400 shares of 6%, €100 par value preference shares outstanding at December 31, 2020. At December 31, 2020, the company declared a €106,000 cash dividend. Determine the dividend paid to preference shareholders and ordinary shareholders under each of the following scenarios. 1. 2. 3. The preference shares are non-cumulative, and the company has not missed any dividends in previous years. The preference shares are non-cumulative, and the company did not pay a dividend in each of the two previous years. The preference shares are cumulative, and the company did not pay a dividend in each of the two previous years. Dividend paid to preference share holders € € € Dividend paid to ordinary share holders € 110 01 €
Oriole Fashions has 2,400 shares of 6%, €100 par value preference shares outstanding at December 31, 2020. At December 31, 2020, the company declared a €106,000 cash dividend. Determine the dividend paid to preference shareholders and ordinary shareholders under each of the following scenarios. 1. 2. 3. The preference shares are non-cumulative, and the company has not missed any dividends in previous years. The preference shares are non-cumulative, and the company did not pay a dividend in each of the two previous years. The preference shares are cumulative, and the company did not pay a dividend in each of the two previous years. Dividend paid to preference share holders € € € Dividend paid to ordinary share holders € 110 01 €
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Oriole Fashions has 2,400 shares of 6 %, €100 par value preference shares outstanding at December 31, 2020. At December 31, 2020,
the company declared a €106,000 cash dividend. Determine the dividend paid to preference shareholders and ordinary shareholders
under each of the following scenarios.
1.
2.
3.
The preference shares are non-cumulative, and
the company has not missed any dividends in
previous years.
The preference shares are non-cumulative, and
the company did not pay a dividend in each of
the two previous years.
The preference shares are cumulative, and the
company did not pay a dividend in each of the
two previous years.
Dividend paid to preference
share holders
€
€
10
Dividend paid to ordinary share
holders
€
11
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