Question: hi there here is a question with solution. how did they calculate these numbers please * A14-11 Dividends: In 20X3, Snowboard Ltd. had the follow


* A14-11 Dividends: In 20X3, Snowboard Ltd. had the follow board Ltd. had the following share capital outstanding: d shares, no-par value; $1.20 dividend: authorized, unlimited Preferred shares shares; issued, 100,000 share $1,250,000 shares, no-par value: authorized, unlimited shares, issued, Common shares, no 480,000 shares 642,000 were declared in 20X1 or 20X2, but $1.000.000 of dividends were declar No dividends were declared Required: ,000,000 of dividends were declared in 20X3. te the amount of dividends that would be paid in be paid in 20X3 to each share class under the following separate Calculate the amount o cases: Case A Case B Preferre Preferred shar Preferred shares are cumulative and nonparticipating. Preferred shares are cumulative and particinating with common shares after the common receive a $1 per share dividend. Participation is based on relative annual total base dividends. PS HOND Allocation PSA Assignment 14-1100STIL 0000SCE Istigo boludi 000.0DE 000,100.SI Case A - Preferred cumulative, non-participating; mognadoxo basi 3 Note; full dividend for preferred shares is is $1.20 x 100.000 = $120,000 Reports and TO paroblood in Year tupe Total Paid Preferred Common 1 925 ( 20x3 allocation: 35 yupo VIIS OP 99 doonAno yung om b s10997 brobivib 012 Arrears...0.0.0.0 E) 01 000,00 mot 29269790240 000 solo 5 Current ......... 120,000 000,800,1 Remainder ..... $640,000 Total.... ...$1,000,000 360,000 $640,000 Totoy bns 25259105b agnies bom919 tai 2 199 TIZIE D10991 brobivib 25012 Case B - Preferred cumulative, participating: 112 x 600S x 000,00 E) yd 252591ni 2015 000.1ST.012=000,120.82 +000.210.52 Year Total Paide-, E Preferred 82 - Common 2 of questions. I wording E 925 (E) Motion 19toi 2016r2 to todmur oldud JoJogos yliopo yrs od 9gredo on stilge 012 Arrears....... $240,000 = (Ex000.00) o Current ...... 120,000 Matching ...... $480,000 Remainder $160,000 x 20%; 80% ..... 32,000 $128.000 Total. .........$1,000,000 $392,000 $608,000 ($1.000.000 - $360,000 - $480,000 = 160.000 $120,000/($120,000+$480,000) = 20% and $480,000/$600,000 = 80%). Assisnment 14-18
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