The shareholders' equity of MLS Enterprises includes $100 million of no par common stock and $200...

 

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The shareholders' equity of MLS Enterprises includes $100 million of no par common stock and $200 million of 6% cumulative preferred stock. The board of directors of MLS declared cash dividends of $31 million in 2018 after paying $7 million cash dividends in both 2017 and 2016. What is the amount of dividends common shareholders will receive in 2018? (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Annual Preferred Dividend: 2016 2017 2018 Total Par Value Preferred Stock Total Cash Dividend Paid $ 0 Dividend Rate (%) Paid to Preferred 0 Annual Preferred Dividend Paid to Common $ 0 Dividends in Arrears at year-end The shareholders' equity of MLS Enterprises includes $100 million of no par common stock and $200 million of 6% cumulative preferred stock. The board of directors of MLS declared cash dividends of $31 million in 2018 after paying $7 million cash dividends in both 2017 and 2016. What is the amount of dividends common shareholders will receive in 2018? (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Annual Preferred Dividend: 2016 2017 2018 Total Par Value Preferred Stock Total Cash Dividend Paid $ 0 Dividend Rate (%) Paid to Preferred 0 Annual Preferred Dividend Paid to Common $ 0 Dividends in Arrears at year-end

Answer rating: 100% (QA)

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