answer the following questions? The outstanding share capital of Sheng Inc. includes 54,000 shares of $9.60 non-cumulative preferred and 89,000 common shares, allissued during the first year of operations. During its first four years of operations, the corporation declared and paid the followingamounts in dividends:TotalYear Dividends Declared2018$2019546,0001,118,e00546, 00020202021Required:Determine the total dividends paid in each year to each class of shareholders under the assumption that the preferred shares are non-cumulative. Also determine the total dividends paid to each class over the four years. (Leave no cells blank, enter "O" where everrequired.)PreferredCommonTotal Dividends2018$201920202021Total for four years $

Working: Annual Preferred dividends 518,400 54,000*9.60

The outstanding share capital of Sheng Inc. includes 54,000 shares of $9.60 non-cumulative preferred and 89,000 common shares, all issued during the first year of operations. During its first four years of operations, the corporation declared and paid the following amounts in dividends: Total Year Dividends Declared 2018 2$ 546,000 1,118,000 546,000 2019 2020 2021 Required: Determine the total dividends paid in each year to each class of shareholders under the assumption that the preferred shares are non- cumulative. Also determine the total dividends paid to each class over the four years. (Leave no cells blank, enter "O" where ever required.) Preferred Common Total Dividends 2018 $ 2019 2020 2021 Total for four years $

The outstanding share capital of Sheng Inc. includes 54,000 shares of $9.60 non-cumulative preferred and 89,000 common shares, all issued during the first year of operations. During its first four years of operations, the corporation declared and paid the following amounts in dividends: Total Year Dividends Declared 2018 2$ 546,000 1,118,000 546,000 2019 2020 2021 Required: Determine the total dividends paid in each year to each class of shareholders under the assumption that the preferred shares are non- cumulative. Also determine the total dividends paid to each class over the four years. (Leave no cells blank, enter "O" where ever required.) Preferred Common Total Dividends 2018 $ 2019 2020 2021 Total for four years $

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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