Not having received any dividends for the past three years, the preferred shareholders of Jones Consortium...

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Not having received any dividends for the past three years, the preferred shareholders of Jones Consortium Limited hope this year will be different. The company announced a cash dividend of $183,040 in the current year. Details of the equity section of the balance sheet: Contributed Capital Preferred Shares, $5, cumulative, 5,200 shares outstanding $ 239,000 196,000 Common shares, no-par value, unlimited shares authorized, 28,000 shares issued Total contributed capital Retained Eamings Total Equity 435,000 490,000 S 925,000 REQUIRED: Calculate the dividends paid to both common and preferred shareholdedrs and the dividend per share for each. (6 marks) Not having received any dividends for the past three years, the preferred shareholders of Jones Consortium Limited hope this year will be different. The company announced a cash dividend of $183,040 in the current year. Details of the equity section of the balance sheet: Contributed Capital Preferred Shares, $5, cumulative, 5,200 shares outstanding $ 239,000 196,000 Common shares, no-par value, unlimited shares authorized, 28,000 shares issued Total contributed capital Retained Eamings Total Equity 435,000 490,000 S 925,000 REQUIRED: Calculate the dividends paid to both common and preferred shareholdedrs and the dividend per share for each. (6 marks)

Answer rating: 100% (QA)

Total Dividend Diviend per share 104000 79040 Preferred ... View the full answer