The issued share capital of Maelstrom Co is as follows: Ordinary shares of 10c each $1,000,000 8% Preferred shares of 50c each (redeemable) $500,000 In the year ended 31 October 20X2, the company has paid the preferred dividend for the year and an interim dividend of 2c per share on the ordinary shares. A final ordinary dividend of 3c per share is declared on 30 October 20X2. What is the total amount of dividends recognised in the financial statements relating to the year ended 31 October 20X2? A $580,000 B $90,000 C $130,000 D $500,000

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Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.