Question
At Dec.31,2020 X company has following Balances Share Capital of OS $500,000 at par value of $10per share Share Capital of PS $100,000 at par
At Dec.31,2020 X company has following Balances Share Capital of OS $500,000 at par value of $10per share Share Capital of PS $100,000 at par value $100 per share Retained Earning $200,000 PS has a right in 5% interest and cumulative and fully participating Dividends Paid is $100,000 PS has one year dividends in arrear
compute PS Share from cash dividends in 2020
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Accounting, Chapters 1-13
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
25th Edition
1285069625, 9781285069623
