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Exercise 15-6 Pronghorn Limited's ledger shows the following balances on December 31, 2020: Preferred shares outstanding: 32,000 shares $ 832,000 Common shares outstanding: 50,000
Exercise 15-6 Pronghorn Limited's ledger shows the following balances on December 31, 2020: Preferred shares outstanding: 32,000 shares $ 832,000 Common shares outstanding: 50,000 shares Retained earnings 4,000,000 1,261,664 Your answer is partially correct. Try again. Assuming that the directors decide to declare total dividends in the amount of $630,832, determine how much each shares, which pay a dividend of $1.82 per share. (Round intermediate percentage calculations to 4 decimal p Dividend Preferred 178553 Common 452278 Total 630,832
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