Bridger Bike Corp. manufactures mountain bikes and distributes them through retail outlets in Canada. Bridger Bike Corp.
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Bridger Bike Corp. manufactures mountain bikes and distributes them through retail outlets in Canada. Bridger Bike Corp. has declared the following annual dividends over a six-year period ended December 31 of each year: 2010, $5,000; 2011, $18,000; 2012, $45,000; 2013, $45,000; 2014, $60,000; and 2015, $67,000. During the entire period, the outstanding shares of the company comprised 10,000 $2 preferred shares and 25,000 common shares.
Determine the total dividends declared on each class of share for each of the six years. No dividends were in arrears on January 1, 2010. Summarize the data in tabular form, using the following columnar headings:
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Related Book For
Accounting Volume 2
ISBN: 978-0176509743
2nd Canadian edition
Authors: James Reeve, Jonathan Duchac, Sheila Elworthy, Carl S. Warren
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