Kingbird Inc. has the following shares outstanding: 61,900 common and 15,200 $0.85 cumulative preferred. On December 15,
Fantastic news! We've Found the answer you've been seeking!
Question:
Kingbird Inc. has the following shares outstanding: 61,900 common and 15,200 $0.85 cumulative preferred. On December 15, the directors declared dividends of $63,520 to the shareholders of record on December 28, payable on January 10. Dividends have not been paid for the last two years.
Calculate the number of dividends payable to each of the common shareholders and the preferred shareholders.
Dividends payable to the preferred shareholders | $enter a dollar amount | |
---|---|---|
Dividends payable to the common shareholders | $enter a dollar amount |
Prepare the required entries on each of these dates.
Related Book For
Accounting Principles Volume 2
ISBN: 978-1119502555
8th Canadian Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
Posted Date: