John corp has outstanding share capital consists of
Preferred shares outstanding: 3,000 shares $300.000

Common shares outstanding: 7,000 shares $280.000

the two years preceding the current year, state how much each class of shares should receive under each of the following condition.

The preferred shares carry a dividend of $9 per share and have a $100 stated value. The company decided

to pay $115.000 in dividends and that preferred dividends were not pant duce

Find the following:

1. The preferred shares are cumulative and participating. Do not round intermediate calculations but round answers to the nearest dollar

2. The preferred shares are cumulative and non- participating

Answer rating: 100% (QA)

Answer Solution 1 Preferred cumulative and par... View the full answer