How much money was distributed in total for dividends

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Reference no: EM133344932

Question: In each ofthe following independent cases, it is assumed that the corporation has outstanding 20,000, $0.80, preferred shares, with a carrying value of $200,000, and 80,000 common shares, with a carrying value of $800,000. Although dividends have been paid regularly up to 20X0, no dividends were declared in 20Xi or ZDXZA 1. At December 31, 20x3, the board of directors wants to distribute $125,000 in dividends. How much will the common and preferred shareholders receive if the preferred shares are cumulative and non-participating? 2. At December 31, 20x3, the board of directors wants to distribute $200,000 in dividends. How much will the common and preferred shareholders receive if the preferred shares are cumulative and participating up to 15% in total? 3. On December 31, 20x3, the preferred shareholders received an $80,000 dividend on their shares, which are cumulative and fully participating. How much money was distributed in total for dividends?

Reference no: EM133344932

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