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Chapter 12 Assignment (5Qs) i Saved Help Save Use the information provided below to answer the following questions. 1 10 points Victoria Products Inc. Equity
Chapter 12 Assignment (5Qs) i Saved Help Save Use the information provided below to answer the following questions. 1 10 points Victoria Products Inc. Equity Section of the Balance Sheet October 31, 2020 Contributed capital: Preferred shares, $3 non-cumulative; unlimited shares authorized, A shares issued and outstanding Common shares, unlimited shares authorized, 318,000 shares issued and outstanding Total contributed capital Deficit Total equity $ 397,900 Skipped B D $ 3,043, 100 eBook Other information: Print 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 $8.9 per share. The preferred shares were issued for an average price of $17.3 per share. Retained Earnings at October 31, 2019, was $377,000. No dividends had been paid for the year ended October 31, 2020. Required: 1. Calculate A. Number of Preferred shares Chapter 12 Assignment (5Qs) A Saved Help Save & Exit Required: 1. Calculate A. 1 Number of Preferred shares 10 points Skipped 2. Calculate B. eBook Common shares Print 3. Calculate C. Total contributed capital 4. Calculate D. Deficit Chapter 12 Assignment (5Qs) A Saved Help Save & Exit 5. Calculate Profit/Loss for the year ended October 31, 2020. 1 10 points Skipped eBook Print 6. Assume cash dividends of $113,000 were paid during the year ended October 31, 2019. Calculate the total dividends actually paid during the year ended October 31, 2019, to the: Total Dividends a. Preferred shareholders b. Common shareholders 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.) Dividends per Chapter 12 Assignment (5Qs) Saved Help Save & Exit 1 6. Assume cash dividends of $113,000 were paid during the year ended October 31, 2019. Calculate the total dividends actually paid during the year ended October 31, 2019, to the: Total Dividends 10 points a. Preferred shareholders b. Common shareholders Skipped eBook 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.) Print Dividends per Share a. Preferred shareholders b. Common shareholders 8. Not available in Connect 9. Not available in Connect. 10. Not available in Connect
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