Refer to the information in question 1. Assume that Sam pays two years preferred dividend requirements during

Question:

Refer to the information in question 1. Assume that Sam pays two years’ preferred requirements during the current year. Would this affect your computation of Par’s investment income for the current year? If so, recompute Par’s investment income.

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...