Peter Rabbit Inc. has issued and outstanding a total of 85,000 shares of $2.50 preferred shares...
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Peter Rabbit Inc. has issued and outstanding a total of 85,000 shares of $2.50 preferred shares and 475,000 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 2018 2019 2020 2021 Total Dividends Declared and Paid $320,000 180,000 205,000 480,000 1,185,000 2018 2019 2020 2021 Total 2. Calculate the dividends per share to both the preferred and the common shares in 2021 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 Preferred Dividends Common Dividends Dividends Declared and Paid $320,000 180,000 205,000 480,000 1,185,000 Preferred Dividends Common Dividends 4. Calculate the dividends per share to both the preferred and the common shares in 2021 based on the information above. Peter Rabbit Inc. has issued and outstanding a total of 85,000 shares of $2.50 preferred shares and 475,000 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 2018 2019 2020 2021 Total Dividends Declared and Paid $320,000 180,000 205,000 480,000 1,185,000 2018 2019 2020 2021 Total 2. Calculate the dividends per share to both the preferred and the common shares in 2021 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 Preferred Dividends Common Dividends Dividends Declared and Paid $320,000 180,000 205,000 480,000 1,185,000 Preferred Dividends Common Dividends 4. Calculate the dividends per share to both the preferred and the common shares in 2021 based on the information above.
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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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