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Click Submit to complete this assessment. Question 9 Alba Company's ledger shows the following balances on December 31, 2019. Share Capital - Preference, 7%, 10

Click Submit to complete this assessment. Question 9 Alba Company's ledger shows the following balances on December 31, 2019. Share Capital - Preference, 7%, 10 par value, outstanding 100,000 shares i Share Capital Ordinary 50 par value, outstanding 100,000 shares Retained Earnings 1,000,000 5,000,000 1,100,000 Assume that the directors declare dividends in the amount of 770,000, and two-year's dividends are in arrears on the preference shares Compute how much each class of shares will receive in all of the following plans: 1. If the preference shares are non-cumulative and non-participating.. 2. If the preference shares are cumulative and fully participating For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac) BIWS& BBC Paragraph (1) * e Arial 10pt E PULY Ix0 - v r

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