Reference no: EM132919580
Question - Garda World Security Corporation has the following shares taken from the equity section of its balance sheet dated December31, 2020.
Preferred shares $4.48 non-cumulative, 45000 shares authorized and issued $2880,000.00
Common shares, 80000 shares authorized and issues $1280000
During the first three years of operations, Garda World Security Corporation declared and paid total dividends as follows:
2018 $160000.00 Preferred Dividend ? Common Dividend?
2019 $400000.00 Preferred Dividend ? Common Dividend?
2020 $560000.00 Preferred Dividend ? Common Dividend?
Total for 3 years $ 1,120000.00
Required -
a) Calculate the total dividends paid in each year to the preferred and to the common shareholders.
b) Calculate the dividends paid per share to both the preferred and the common shares in 2020.
c) Repeat the requirements in part a, assuming the preferred shares are cumulative.
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