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What amount receive as cash dividend by ordinary shareholder

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Reference no: EM132539605

Crystal Company provided the following shareholder's equity on December 31, 2019:

Ordinary share capital, 10 par 50,000,000

Preference share capital, 100 par, 5% cumulative 100,000,000

There were no changes in share capital outstanding since the first year of operations in 2017. The entity paid cash dividends of 3,000,000 in 2017, 4,000,000 in 2018 and 12,000,000 in 2019.

Question 1: What amount was received as cash dividends by preference shareholders in 2019?

a. 8,000,000

b. 5,000,000

c. 3,000,000

d. 4,000,000

Question 2: What amount received as cash dividends by ordinary shareholder's in 2019?

a. 7,000,000

b. 4,000,000

c. 5,000,000

d. 6,000,000

Reference no: EM132539605

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