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how to solve it in steps? Anders, Inc has 5,000 shares of 5%,100 par value, cumulative preference shares and 20,000 ordinary shares with a $1
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Anders, Inc has 5,000 shares of 5%,100 par value, cumulative preference shares and 20,000 ordinary shares with a $1 par value outstanding at December 31,2011 . There were no dividends declared in 2009 .IThe board of directors declares and pays a 645.000 dividend in 2010 and in 2011. What is the amount of dividends received by the ordinary shareholders in 2011? a. 615,000 b. 25,000 c. 645,000 d. 0 Step by Step Solution
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