The stockholders' equity section of BVA Corporation: Preference share capital, cumulative, 10,000 shares authorized, 6,000 shares issued and outstanding USD 300,000 USD 1,350,000 Ordinary share capital, no par, 750,000 shares authorized, 400,000 shares issued Retained earnings (before the declaration of USD 1,400,000 dividends) Treasury shares, 10,000 ordinary shares at cost USD 80, 000 What is the dividend per preference share if the annual dividend on preference shares is USD45,000?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The stockholders' equity section of BVA Corporation:
USD 300,000
Preference share capital, cumulative, 10,000 shares
authorized, 6,000 shares issued and outstanding
Ordinary share capital, no par, 750,000 shares
authorized, 400,000 shares issued
USD 1,350,000
Retained earnings (before the declaration of
USD 1,400,000
dividends)
Treasury shares, 10,000 ordinary shares at cost
USD 80, 000
What is the dividend per preference share if the annual dividend on preference shares is USD45,000?
Transcribed Image Text:The stockholders' equity section of BVA Corporation: USD 300,000 Preference share capital, cumulative, 10,000 shares authorized, 6,000 shares issued and outstanding Ordinary share capital, no par, 750,000 shares authorized, 400,000 shares issued USD 1,350,000 Retained earnings (before the declaration of USD 1,400,000 dividends) Treasury shares, 10,000 ordinary shares at cost USD 80, 000 What is the dividend per preference share if the annual dividend on preference shares is USD45,000?
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