Preferred shares, $4.55 non-cumulative, 52,000 shares authorized and issued* $ 3,328,000 Common shares, 87,000 shares authorized and issued* 1,392,000 *All shares were issued during 2018. 2. Calculate the dividends paid per share to both the preferred and the common shares in 2020 assuming preferred shares are cumulative. (Round the final answers to 2 decimal places.)
Preferred shares, $4.55 non-cumulative, 52,000 shares authorized and issued* $ 3,328,000 Common shares, 87,000 shares authorized and issued* 1,392,000 *All shares were issued during 2018. 2. Calculate the dividends paid per share to both the preferred and the common shares in 2020 assuming preferred shares are cumulative. (Round the final answers to 2 decimal places.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
52,000 shares authorized and issued* | $ | 3,328,000 | |
Common shares, | |||
87,000 shares authorized and issued* | 1,392,000 | ||
*All shares were issued during 2018.
2. Calculate the dividends paid per share to both the preferred and the common shares in 2020 assuming preferred shares are cumulative. (Round the final answers to 2 decimal places.)
![Preferred
Common
Year
Total Dividend
Dividend
Dividend
2018
$
167,000 $
167,000
2019
306,200
100,800
407,000
2020
236,600
330,400
567,000
Total for three years
$
709,800
$
431,200 $
1,141,000
2. Calculate the dividends paid per share to both the preferred and the common shares in 2020 assuming preferred shares are
cumulative. (Round the final answers to 2 decimal places.)
Dividends Paid
per Share
Preferred shares
Common shares](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F779fb4c0-77a7-4005-91f0-97ef68e03437%2F9508f25f-1b43-4d6c-a16b-8f047ae6e0cf%2Fjvh7a85_processed.png&w=3840&q=75)
Transcribed Image Text:Preferred
Common
Year
Total Dividend
Dividend
Dividend
2018
$
167,000 $
167,000
2019
306,200
100,800
407,000
2020
236,600
330,400
567,000
Total for three years
$
709,800
$
431,200 $
1,141,000
2. Calculate the dividends paid per share to both the preferred and the common shares in 2020 assuming preferred shares are
cumulative. (Round the final answers to 2 decimal places.)
Dividends Paid
per Share
Preferred shares
Common shares
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