Question
9 11 points Use the information provided below to answer the following questions. Contributed capital: A Victoria Products Inc. Equity Section of the Balance Sheet
9 11 points Use the information provided below to answer the following questions. Contributed capital: A Victoria Products Inc. Equity Section of the Balance Sheet October 31, 2020 Preferred shares, $3 non-cumulative; unlimited shares authorized, shares issued and outstanding Common shares, unlimited shares authorized, 328,000 shares issued and outstanding $ 603,900 02:54:32 Total contributed capital Deficit Total equity Other information: B C D $3,656,100 All of the shares were issued during the first year of operations (year ended October 31, 2019). The common shares were issued for an average price of $9.9 per share. The preferred shares were issued for an average price of $18.3 per share. Retained Earnings at October 31, 2019, was $387,000. No dividends had been paid for the year ended October 31, 2020. 11 9 points 02:53:59 Required: 1. Calculate A. Number of Preferred shares 2. Calculate B. Common shares 3. Calculate C. Total contributed capital 4. Calculate D. Deficit 5. Calculate Profit/Loss for the year ended October 31, 2020. 6. Assume cash dividends of $123,000 were paid during the year ended October 31, 2019. Calculate the total dividends actually paid during the year ended October 31, 2019, to the: a. Preferred shareholders b. Common shareholders Total Dividends 7. Referring to your answers in Part 6 above, calculate the dividends per share actually received by the: (Round your final answers to 2 decimal places.) a. Preferred shareholders b. Common shareholders Dividends per Share
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