Question: Celtar plc has outstanding 5 0 , 0 0 0 ( $ 5 0 par value ) 5 % cumulative and nonparticipating preference shares and

Celtar plc has outstanding 50,000( $50 par value)5% cumulative and nonparticipating preference shares and 360,000( $1 par value) ordinary shares. The preference shares were issued in January 2020, and no dividends were declared in 2021 or 2022. In 2023, Celtar declares a cash dividend of $500,000.
Compute dividends received by the preference and ordinary shares, respectively:
a. $375,000 Celtar plc has outstanding 50,000( $50 par value)5% cumulative and nonparticipating preference shares and 360,000( $1 par value) ordinary shares. The preference shares were issued in January 2020, and no dividends were declared in 2021 or 2022. In 2023, Celtar declares a cash dividend of $500,000.
Compute dividends received by the preference and ordinary shares, respectively:
a. $375,000

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