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Go Get Inc. has the following shares outstanding: 64,000, $0.9, no par value preferred shares $640,000 80,000 no par value common shares $800,000 It is
Go Get Inc. has the following shares outstanding: 64,000, $0.9, no par value preferred shares $640,000 80,000 no par value common shares $800,000 It is now December 31, 2020, and the board of directors wants to distribute $290,000 in dividens . Dividends were not paid on preferred in the proceeding two years Instructions Calculate how much the preferred and common shareholders will receive under each of the following assumptions: a) The preferred is cumulative and fully participating . b) The preferred is cumulative and participating to 12% total
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