Question
Bramble Corporation has the following shareholders equity on September 30, 2021: Shareholders' equity Share capital $10 preferred shares, cumulative 10,000 shares authorized, 4300 shares issued
Bramble Corporation has the following shareholders equity on September 30, 2021:
Shareholders' equity | ||
Share capital | ||
$10 preferred shares, cumulative | ||
10,000 shares authorized, 4300 shares issued | $4300000 | |
Common shares, | ||
200,000 shares authorized, 9500 shares issued | 190000 | |
Total share capital | 4490000 | |
Retained earnings | 573000 | |
Total shareholders equity | $5063000 |
On September 15, 2021, Bramble Corporation declared a $179000 dividend to be paid on October 15 to shareholders of record on September 30. Assuming that the preferred dividends have NOT been paid since 2019, the amount of dividends per common share for 2021 would be
$10.00.
$18.84.
$0.10.
$5.26.
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