Question: Inmann SE has 2,000 7%, 100 par value preference shares outstanding at December 31, 2017. At December 31, 2017, the company declared a 110,000 cash

Inmann SE has 2,000 7%, €100 preference shares outstanding at December 31, 2017. At December 31, 2017, the company declared a €110,000 cash Determine the paid to preference shareholders and ordinary shareholders under each of the following scenarios.
1. The preference shares are non-cumulative, and the company has not missed any dividends in previous years.
2. The preference shares are non-cumulative, and the company did not pay a in each of the two previous years.
3. The preference shares are cumulative, and the company did not pay a in each of the two previous years.

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