Hagar Ltd. has outstanding 2,500 shares of 100 par, 6% preference shares and 15,000 shares of 10

Question:

Hagar Ltd. has outstanding 2,500 shares of £100 par, 6% preference shares and 15,000 shares of £10 par value ordinary. The schedule below shows the amount of dividends paid out over the last 4 years.

Instructions

Allocate the dividends to each type of shares under assumptions (a) and (b). Express your answers in per share amounts using the format shown below.

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Intermediate Accounting IFRS

ISBN: 9781119607519

4th Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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Question Posted: Aug 02, 2021 07:50 AM

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Hagar Ltd. has outstanding 2,500 shares of 100 par, 6% preference shares and 15,000 shares of 10

Question:

Assumptions (a) Preference, non-cumulative, and non- participating (b) Preference, cumulative,and fully participating Paid- Year out Preference Ordinary Preference Ordinary 2021 £12,000 2022 £26,000 2023 £52,00o 2024 £76,00o

Step by Step Answer:

ANSWER Assumptions b Preference cumulative and fully participating 24 per share 2 per share a Prefer...View the full answer

Intermediate Accounting IFRS

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