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2021. Pearl Garde declares an annual dividend of $500,000. The allocation to preferred and common stockholders is: (Click the icon to view the data.) Read
2021. Pearl Garde declares an annual dividend of $500,000. The allocation to preferred and common stockholders is: (Click the icon to view the data.) Read the 1. How much in dividends must Pearl Garde declare each year before the common stockholders receive any cash dividends for the year? Dividends the company must declare each year before the common stockholders recaivable any cash dividends = Data table Requirements Answer these questions about Pearl Garde's cash dividends. 1. How much in dividends must Pearl Garde declare each year before the common stockholders receive anly cash dividends for the year? 2. Suppose Pearl Garde declares cash dividends of $450,000 for 2021. How much of the dividerids goes to preferred shareholders? How much goes to common shareholders? 3. Is Pearl Garde's preferred stock cumulative or noncumulative? How can you tell? 4. Pearl Garde passed the preferred dividend in 2020 and 2021. Then in 2022, Pearl Garde declares cash dividends of $1,700,000. How much of the dividends goes to preferred shareholders? How much goes to common shareholders
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