On December 31, 2023, University Security Inc. showed the following: Required Part 1: Calculate book value per

Question:

On December 31, 2023, University Security Inc. showed the following:


image



Required


Part 1:


Calculate book value per common share and preferred share at December 31, 2023, assuming $0 being paid out in 2022 and $91,000 being paid out in 2023 (the preferred dividends for 2 years are calculated - $91,000 dividends paid, showing $21,000 in arrears).


a. Cumulative


b. Non-cumulative


Part 2


Calculate book value per common share and preferred share at December 31, 2023, assuming total dividends of $91,000 were declared and paid in each of the years ended December 31, 2022 and 2023, and that the preferred shares are:


c. Cumulative


d. Non-cumulative

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Related Book For  book-img-for-question

Fundamental Accounting Principles Volume 2

ISBN: 9781260881332

17th Canadian Edition

Authors: Kermit D. Larson, Heidi Dieckmann, John Harris

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