Oriole Corp. has outstanding 20500 no par value, $0.70, preferred shares and 100500 no par value...

 

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Oriole Corp. has outstanding 20500 no par value, $0.70, preferred shares and 100500 no par value common shares. Dividends have been paid every year except last year and the current year. The carrying value of the preferred shares is $205000 and of the common shares is $301500. If the preferred shares are cumulative and non-participating and $100500 is distributed as a dividend, the common shareholders will receive Oriole Corp. has outstanding 20500 no par value, $0.70, preferred shares and 100500 no par value common shares. Dividends have been paid every year except last year and the current year. The carrying value of the preferred shares is $205000 and of the common shares is $301500. If the preferred shares are cumulative and non-participating and $100500 is distributed as a dividend, the common shareholders will receive