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Headlands Limited has the following information available regarding its share capital at December 3 1 , 2 0 2 3 : Preferred shares, $ 3
Headlands Limited has the following information available regarding its share capital at December :
Preferred shares, $ cumulative, shares issued
$
Preferred shares, $ noncumulative, shares issued
Common shares, shares issued
The shares were issued when the corporation began operations on January No dividends were declared during and On October the board of directors declares the required preferred share dividends and a $ dividend for each of the common shares. The dividends are payable on December to the shareholders of record on November How much will be paid to each class of shares?
Cumulative preferred shares
Noncumulative preferred shares
Common shares
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