Seesaw Ltd's share capital consists of 60000 10% preference shares of $1 and 100 000 ordinary shares

Question:

Seesaw Ltd's share capital consists of 60000 10% preference shares of $1 and 100 000 ordinary shares of $1. Profits for six years were as follows: 1998 $10 000; 1999 $5000; 2000 $7000; 2001 $4000; 2002 $7000; 2003 $12 000. 


Required 

Prepare tables showing the dividends payable to the preference shareholders and ordinary shareholders if the preference shares are 

(a) Non-cumulative 

(b) Cumulative.

Fantastic news! We've located the answer you've been seeking!

Step by Step Answer:

Related Book For  answer-question
Question Posted: