ABC Company has 1,000 shares of 6%, 100 par value, cumulative preference shares and 50,000 ordinary shares with a 1 par value outstanding at December 31, 2020. What is the annual dividend on the preference shares? 60 per share 1. 6,000 in total 2. 600 in total 3. .60 per share A shareholder who receives a share dividend would expect the market price per share to increase. 1. own more shares. 2. expect retained earnings to increase. 3. expect the par value of the shares to change. On December 1, 2019, the Board of directors of Dew Laurintis Company declared an .80 per share dividend payable on January 3, 2020 to shareholders of record on December 16. The company had 500,000 shares authorized and 225,000 shares issued and outstanding. The journal entry made on January 3, 2020 will decrease assets and liabilities by 400,000. 1. increase assets and decrease equity by 180,000. 2 decrease assets and liabilities by 180,000 3. decrease assets and increase equity by 180,000