Xavier Ltd. paid out cash dividends at the end of each year as follows: Year Dividend Paid
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Question:
Xavier Ltd. paid out cash dividends at the end of each year as follows:
Year | Dividend Paid |
2018 | $250,000 |
2019 | $325,000 |
2020 | $400,000 |
Assume that Xavier had 100,000 common shares and 5,000, $4, cumulative preferred shares that were three years in arrears as at January 1, 2018.
Required:
- Fill in the chart below to indicate how much cash would be paid out in each year for each class of shares. Use the space below to show your work if needed.
Year | Common | Preferred | Total |
2018 | $250,000 | ||
2019 | $325,000 | ||
2020 | $400,000 |
Posted Date: