Blossom Corporation was organized on January 1, 2019. During its first year, the company issued 2,300...
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Blossom Corporation was organized on January 1, 2019. During its first year, the company issued 2,300 shares of HK$50 par value preference shares and 130,000 shares of HK$10 par value ordinary shares. At December 31, the company declared the following cash dividends: 2019, HK$5,300; 2020, HK$13,100; and 2021, HK$30,000 (HK$ in thousands). Show the allocation of dividends to each class of shares, assuming the preference share dividend is 6% and non-cumulative. Allocation to preferred shares HK$ Remainder to ordinary shares HK$ eTextbook and Media List of Accounts 2019 5,300 HK$ HK$ 2020 2021 HK$ HK$ Blossom Corporation was organized on January 1, 2019. During its first year, the company issued 2,300 shares of HK$50 par value preference shares and 130,000 shares of HK$10 par value ordinary shares. At December 31, the company declared the following cash dividends: 2019, HK$5,300; 2020, HK$13,100; and 2021, HK$30,000 (HK$ in thousands). Show the allocation of dividends to each class of shares, assuming the preference share dividend is 6% and non-cumulative. Allocation to preferred shares HK$ Remainder to ordinary shares HK$ eTextbook and Media List of Accounts 2019 5,300 HK$ HK$ 2020 2021 HK$ HK$
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