Solution-What dividends are received by the preference

What dividends are received by the preference shareholders

Reference no: EM132983107

Question - Norton Ltd has 5,000, 6% non-cumulative preference shares issued at $100 per share and 100,000 ordinary shares at December 31, 2008 with no change in the issued shares for 2009. The board of directors declared and paid a $25,000 dividend in 2008. In 2009, $50,000 of dividends are declared and paid. What dividends are received by the preference and ordinary shareholders in 2009?

Reference no: EM132983107

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What dividends are received by the preference shareholders

Reference no: EM132983107

Reference no: EM132983107

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