Solution-Compute the amount of dividends per common share

Compute the amount of dividends per common share

Reference no: EM132515188

Question - Vaughn Corporation has the following shareholders equity on September 30, 2021:

Shareholders' equity Share capital $10 preferred shares, cumulative 10,000 shares authorized, 4500 shares issued $4500000 Common shares, 200,000 shares authorized, 10900 shares issued 218000 Total share capital 4718000 Retained earnings 573000 Total shareholders' equity $5291000

On September 15, 2021, Vaughn Corporation declared a $179000 dividend to be paid on October 15 to shareholders of record on September 30. Assuming that the preferred dividends have NOT been paid since 2019, compute the amount of dividends per common share for 2021?

a. $0.10.

b. $16.42.

c. $10.00.

d. $4.04.

Reference no: EM132515188

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Compute the amount of dividends per common share

Reference no: EM132515188

Reference no: EM132515188

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