Question: need help with part b Garda World Security Corporation has the following shares, taken from the equity section of its balance sheet dated December 31,

 need help with part b Garda World Security Corporation has the
following shares, taken from the equity section of its balance sheet dated
December 31, 2020, Preferred shares, $4.45 non cumulative, 42,000 shares authorized andneed help with part b

Garda World Security Corporation has the following shares, taken from the equity section of its balance sheet dated December 31, 2020, Preferred shares, $4.45 non cumulative, 42,000 shares authorized and issued $2,688,000 Common shares 77,000 shares authorized and issued 1, 232,600 All shares were issued during 2018, During its first three years of operations, Garda World Security Corporation declared and paid total dividends as shown in the last column of the following schedule. Required: Port A 1. Calculate the total dividends paid in each year to the preferred and to the common shareholders. Year 2018 2019 2020 Total for three years Preferred Common Dividend Dividend Total Dividend $ 157 000 $ os 157.000 186.900 210 100 397 000 186.900 370.100 557.000 S 530.800 S 580 200 $ 1,111,000 men (S) 2. Calculate the dividends paid per share to both the preferred and the common shares in 2020. (Round the final answers to 2 decimal places.) Preferred shares Dividends Pald per share $ 4.451 $ 481 Common shares Part B 1. Calculate the total dividends paid in each year to the preferred shares and to the common shareholders assuming preferred shares are cumulative Year Preferred Dividend Common Dividend Total Dividend s 2018 2019 2020 Tatal for three years 157000 397000 557000 1.111,000 $ 0 $ 0 $ 2. Calculate the dividends paid per share to both the preferred and the common shares in 2020 assuming preferred states are cumulative. (Round the final answers to 2 decimal places.) Dividends Paid per Share Preferred shares Common shares

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!