Question: 4 Flatfish Limited reported the following items in shareholders' equity on December 31,2020 : No dividends were declared in 2018 or 2019 ; however, in

 4 Flatfish Limited reported the following items in shareholders' equity on

December 31,2020 : No dividends were declared in 2018 or 2019 ;

however, in 2020 , cash dividends of $4,743,500 were declared. Calculate how

4

Flatfish Limited reported the following items in shareholders' equity on December 31,2020 : No dividends were declared in 2018 or 2019 ; however, in 2020 , cash dividends of $4,743,500 were declared. Calculate how much would be paid to each class of shares. Assuming that the number of common shares remained constant throughout 2020, what was the cash dividend per share distributed to the common shareholders? (Round answer to 2 decimal places, e.g. 4.62.) Cash dividend per share

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!