i need the answer quickly Cup Coffee and Pastries (CCP) was organized on Jan 1, 2023. It is authorized to issue anunlimited number of common shares and 120,000 preferred shares with $5 dividend; non-paricipating and cumulative. No share transactions took place in 2026. In 2026, the companyhas 75,000 common shares and 40,000 preferred shares outstanding.The company delareddividend every year except 2025. No dividend was declared in 2025. On Apr 8, 2026 thecompany declared cash dividend of 868, 750 to be paid out on Jun 16, 2026 to shareholderson record on the same date.Retained Earnings on Dec 31, 2025 (closing date) was 912, 000.Shaded Space for Answers Requirement - 1 Determine how much dividend will be received byEACH preferred and common shareholder on Jun 16, 2026. Preferred Shareholder CommonShareholderRequirement - 2 New Scenario: If the preferred shares are non- cumulative, howmuch dividend will be received by EACH preferred and common shareholder on Jun16, 2026. Preferred ShareholderCommon Shareholder

Name: i need the answer quickly Cup Coffee and Pastries (CCP) was organized
Uploaded: 2024-03-04T10:43:15.000Z
Channel: Bartleby
Description: i need the answer quickly Cup Coffee and Pastries (CCP) was organized on Jan 1, 2023. It is authorized to issue anunlimited number of common shares and 120,000 preferred shares with $5 dividend; non-paricipating and cumulative. No share transactions

Dividend:The dividends refer to the amount which is paid to the shareholders whether it is equity or…

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Shaded Space for Answers Requirement - 1 Determine how much dividend will be received by EACH preferred and common shareholder on Jun 16, 2026. Preferred Shareholder Common ShareholderRequirement - 2 New Scenario: If the preferred shares are non-cumulative, how much dividend will be received by EACH preferred and common shareholder on Jun 16, 2026. Preferred ShareholderCommon Shareholder