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i have 10 mins please asap Blossom, Inc has $500,000,$0,50, no par value preferred shares (50,000 shares) and $1,000,000 of no par value common shares
i have 10 mins please asap
Blossom, Inc has $500,000,$0,50, no par value preferred shares (50,000 shares) and $1,000,000 of no par value common shares outstanding (80,000 shares ). No dividends were paid or declared during 2021 and 2022 . The compamy wants to distribute $273,500 in dividends on December 31, 2023. (a) Your answer has beensaved See score details after the due date. Calculate the amount of dividends to be paid to each group of shareholders (i.e. proferred and common), assuming the preferred shares are non-cumulative and non-participating Calculate the amount of dividends to be paid to each group of shareholders (i.e, preferred and common), assuming the preferred shares are cumulative and non-participating Step by Step Solution
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