Question: Question #4 (6 marks) Not having received any dividends for the past three years, the preferred shareholders of Jones Consortium Limited hope this year will
Question #4 (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 Common shares, no-par value, unlimited shares authorized, 28,000 shares 196,000 issued Total contributed capital 435,000 Retained Earnings 490,000 Total Equity $ 925,000 REQUIRED: Calculate the dividends paid to both common and preferred shareholdedrs and the dividend per share for each. (6 marks)
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