Hoopla Ltd. is a Canada Business Corporation and has 16,140 Class A voting (common) shares and 5,690 Class B non voting (preferred shares). Class A shares are non cumulative and Class B shares are cumulative. The Class B shares have a fixed return of $2/ share and the dividends to Class A are unlimited. In Year 1 Hoopla paid no dividends. In Year 2 , it paid 80 cents a share to Class A and the stated rated to Class B. Required 1: What is the amount of dividends paid out to Class A shareholders in year 2 ? $ Required 2:What is the amount of dividends paid out to Class B shareholders in year 2 ? $ Required 3: What is the total amount of dividends paid out to shareholders in year 2 ? $ Required 4: What is the amount of dividends paid out to Class A shareholders in year 1?$ Required 5: What is the amount of dividends paid out to Class B shareholders in year 1 ? $ Nova Corporation gives Tell Corporation 31,140 of its no par value common shares in exchange for a parcel of land which it intends to build a factory. At the time of the transaction Nova's shares were trading at $10. The land is sitting on Tell's books at $350,000. What amount will the land show up as on Nova's books? Required 1: What amount will the land show up as on Nova's books? $ Required 2: What amount will Tell Corporation report as a gain (loss) on the transaction? $ Cactus Corporation has assets of $400,000 and liabilities of $200,000 at December 31,2012 . Additional shares sold during the year doubled the size of the Capital Stock Account. Cactus has never paid dividends on its shares. Retained Earnings were cut in half during 2012 . The closing balance of Retained Earnings at 12/31/2012 was $100,000. This data suggests that: Multiple Cholce The company had a net loss of $100,000 in 2012 The company had a net loss of $150,000 in 2012 Capltal stock at the beginning of the year must have been $50,000 None of these Capital Stock at the beginning of the year must have been $200,000