Solution-Compute the total amount of the dividend paid

Compute the total amount of the dividend paid

Reference no: EM132515194

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

Shareholders' equity Share capital $10 preferred shares, cumulative 10,000 shares authorized, 4000 shares issued $4000000 Common shares, 200,000 shares authorized, 9500 shares issued 190000 Total share capital 4190000 Retained earnings 561000 Total shareholders' equity $4751000

On September 15, 2021, Swifty Corporation declared a $165000 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 total amount of the dividend paid to the preferred shareholders in 2021?

a. $0.

b. $146190.

c. $48730.

d. $165000.

Reference no: EM132515194

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Compute the total amount of the dividend paid

Reference no: EM132515194

Reference no: EM132515194

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