Question
Dreadnought Company limited is a Canada Business Corporation. It has 2 classes of shares: 10,000 Class A voting no par value common shares = $4,800,000
Dreadnought Company limited is a Canada Business Corporation. It has 2 classes of shares: 10,000 Class A voting no par value common shares = $4,800,000 10,700 Class B non voting no par value preferred shares = $600,000 The Class B shares are entitled to a fixed dividend rate of $1 per share after which both classes are fully participating in dividends. Dreadnought declares a total dividend of 142,250 and pays them in 30 days (Keep your answers at 2 decimal places).
answer this correctly tske ur time and explain it properly
Required 1: What is the amount of dividends paid out to Class A shareholders? $
Required 2:What is the amount of dividends paid out to Class B shareholders? $
Required 3: What is the total amount of dividends paid out to shareholders? $
Required 4: What is the amount of dividends paid out to a shareholder that has 100 Class A shares? $
Required 5: What is the amount of dividends paid out to a shareholder that has 300 Class A shares and 10 Class B shares? $
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