Cableserve Inc. has the following outstanding shares: 19,500 shares, $5.40 cumulative preferred 44,000 shares, common During...

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Cableserve Inc. has the following outstanding shares: 19,500 shares, $5.40 cumulative preferred 44,000 shares, common During 2020, the company declared and paid $228,000 in dividends. Dividends were in arrears for the previous year (2019) only. No new shares have been issued since the first year of operations. Required: 1. What was the total amount paid to the preferred shareholders as dividends in 2020? Total amount paid 2. What was the total amount paid to the common shareholders as dividends in 2020? Total amount paid Cableserve Inc. has the following outstanding shares: 19,500 shares, $5.40 cumulative preferred 44,000 shares, common During 2020, the company declared and paid $228,000 in dividends. Dividends were in arrears for the previous year (2019) only. No new shares have been issued since the first year of operations. Required: 1. What was the total amount paid to the preferred shareholders as dividends in 2020? Total amount paid 2. What was the total amount paid to the common shareholders as dividends in 2020? Total amount paid

Answer rating: 100% (QA)

1 Total amount paid 210600 Calculations Preferred dividend Current year ... View the full answer