Share Capital – Preference: 5%, $100 par value, noncumulative, 100,000 shares authorized, 60,000 shares issued and outstanding Share Capital – Ordinary: $1 par value, 10,000,000 shares authorized, 6,000,000 shares issued and 5,970,000 shares outstanding A cash dividend was declared for preference shares and a cash dividend of $0.03 per share was declared for ordinary shares. The dividends will be paid in April. How to calculate the cash dividends should be issued?
Share Capital – Preference: 5%, $100 par value, noncumulative, 100,000 shares authorized, 60,000 shares issued and outstanding Share Capital – Ordinary: $1 par value, 10,000,000 shares authorized, 6,000,000 shares issued and 5,970,000 shares outstanding A cash dividend was declared for preference shares and a cash dividend of $0.03 per share was declared for ordinary shares. The dividends will be paid in April. How to calculate the cash dividends should be issued?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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5%, $100 par value, noncumulative,
100,000 shares authorized,
60,000 shares issued and outstanding
Share Capital – Ordinary:
$1 par value, 10,000,000 shares authorized,
6,000,000 shares issued
and 5,970,000 shares outstanding
A cash dividend was declared for preference shares and a cash dividend of
$0.03 per share was declared for ordinary shares. The dividends will be paid in April.
How to calculate the cash dividends should be issued?
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