Question
I need Help with my Assignment... Please!!! Preferred shares, $3.00 non- cumulative, unlimited shares authorized, 30,000 shares issued and outstanding $540,000. Common shares, unlimited shares
I need Help with my Assignment... Please!!!
Preferred shares, $3.00 non- cumulative, unlimited shares authorized,
30,000 shares issued and outstanding $540,000.
Common shares, unlimited shares authorized
325,000 shares issued and outstanding $3,120,000
Questions:
1)Assume cash dividend $120,000 were paid during Oct. 31, 2016.
Calculate the total dividends actually paid the year ended Oct. 31, 2016; Preferred and Common
2) Refer #2 calculate the dividends per share actually received by Preferred and common shareholders
3) Are there any dividends in arrears as at Oct. 31, 2017? If yes, calculate the arrears.
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