Peter Rabbit Inc. has issued and outstanding a total of 58,000 shares of $6.25 preferred shares...
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Peter Rabbit Inc. has issued and outstanding a total of 58,000 shares of $6.25 preferred shares and 745,000 of common shares. The company began operations and issued both classes of shares on January 1, 2018. Required 1. Calculate the total dividends to be paid to each group of shareholders in each year by completing the following chart. Assume that the preferred shares are cumulative. Year Dividends Declared Preferred Dividends Common Dividends and Paid 2018 $400,000 2019 280,000 2020 325,000 2021 600,000 Total 1,605,000 2. Calculate the dividends per share to both the preferred and the common shares in 2018 based on the information above. 3. Calculate the total dividends to be paid to each group of shareholders in each year by completing the following chart. Assume that the preferred shares are non-cumulative. Year Dividends Declared Preferred Dividends Common Dividends and Paid 2018 $400,000 2019 280,000 2020 325,000 2021 600,000 Total 1,605,000 4. Calculate the dividends per share to both the preferred and the common shares in 2018 based on the information above. Peter Rabbit Inc. has issued and outstanding a total of 58,000 shares of $6.25 preferred shares and 745,000 of common shares. The company began operations and issued both classes of shares on January 1, 2018. Required 1. Calculate the total dividends to be paid to each group of shareholders in each year by completing the following chart. Assume that the preferred shares are cumulative. Year Dividends Declared Preferred Dividends Common Dividends and Paid 2018 $400,000 2019 280,000 2020 325,000 2021 600,000 Total 1,605,000 2. Calculate the dividends per share to both the preferred and the common shares in 2018 based on the information above. 3. Calculate the total dividends to be paid to each group of shareholders in each year by completing the following chart. Assume that the preferred shares are non-cumulative. Year Dividends Declared Preferred Dividends Common Dividends and Paid 2018 $400,000 2019 280,000 2020 325,000 2021 600,000 Total 1,605,000 4. Calculate the dividends per share to both the preferred and the common shares in 2018 based on the information above.
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Answer rating: 100% (QA)
1 Amount Year Dividends Declared Preferred Dividends Common Dividends and paid 2018 400000 362500 37... View the full answer
Related Book For
Fundamental Accounting Principles Volume II
ISBN: 978-1260305838
16th Canadian edition
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
Posted Date:
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