ceberg Products Inc. declared cash dividends of $66,900 to shareholders on record on December 1, 2023. Outstanding shares include 75,100 common shares worth $225,300 and 11,800, $2 non-cumulative preferred shares worth $377,600. No new shares were issued during the year. Calculate how much in dividends will be paid to the preferred shareholders in 2023. How much will be left over to pay the common shareholders in 2023? Do not enter dollar signs or commas in the input boxes. Total Cash Dividend: $ Answer Preferred Shareholder: $ Answer Common Shareholder: $

Answer rating: 100% (QA)

To calculate the dividends to be paid to preferred shareholders and common shareholders we first nee... View the full answer