Ayayai Corporation issued 180,000, $5.00 cumulative preferred shares to fund its first investment in wind generators....
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Ayayai Corporation issued 180,000, $5.00 cumulative preferred shares to fund its first investment in wind generators. In its first year of operations, it paid $457,000 of dividends to its preferred shareholders. In its second year, the company paid dividends of $1,343,000 to its preferred shareholders. What is the total annual preferred dividend supposed to be for the preferred shareholders? Preferred Dividends Calculate any dividends in arrears in years 1 and 2. (Do not leave any answer field blank. Enter 0 for amounts.) Year 1: 2$ Year 2: $4 If the preferred shares were noncumulative rather than cumulative, how much dividend would the company likely have paid its preferred shareholders in year 2? (Round the amount per share to 2 decimal places, e.g. 12.50.) The likely amount is $ per share, for a total of $ Ayayai Corporation issued 180,000, $5.00 cumulative preferred shares to fund its first investment in wind generators. In its first year of operations, it paid $457,000 of dividends to its preferred shareholders. In its second year, the company paid dividends of $1,343,000 to its preferred shareholders. What is the total annual preferred dividend supposed to be for the preferred shareholders? Preferred Dividends Calculate any dividends in arrears in years 1 and 2. (Do not leave any answer field blank. Enter 0 for amounts.) Year 1: 2$ Year 2: $4 If the preferred shares were noncumulative rather than cumulative, how much dividend would the company likely have paid its preferred shareholders in year 2? (Round the amount per share to 2 decimal places, e.g. 12.50.) The likely amount is $ per share, for a total of $
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a 180000 500 900000 b Year 1 Year 2 Regular dividend 900000 900000 A... View the full answer
Related Book For
Accounting Principles Part 3
ISBN: 978-1118306802
6th Canadian edition Volume 1
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow
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