Castera Inc. reported a net income of $800,000 and a weighted average number of common shares of
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(a) The preferred shares are cumulative and the dividend was not paid,
(b) The preferred shares are noncumulative and the dividend was paid, and
(c) The preferred shares are noncumulative and the dividend was not paid.
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
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Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-1119368458
7th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
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