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What amount of cash dividends was received by shareholders

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Reference no: EM132539535

The shareholder's equity of High Company included 3,000,000 of 10 par ordinary share capital and 6,000,000 of 6% 50 par cumulative preference share capital. the board of directors declared cash dividends 900,000 in 2019 after paying 300,000 cash dividends in 2018 and 500,000 in 2017.

Question 1. What amount of cash dividends was received by preference shareholders in 2019.

a. 360,000

b. 420,000

c. 600,000

d. 450,000

Question 2. What amount of cash dividends was received by ordinary shareholders in 2019?

a. 480,000

b. 540,000

c. 300,000

d. 450,000

Reference no: EM132539535

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