Illustration: In 2015, Mason Company is to distribute 50,000 as cash dividends, its outstanding ordinary shares...
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Illustration: In 2015, Mason Company is to distribute 50,000 as cash dividends, its outstanding ordinary shares have a par value of 400,000, and its 6 percent preference shares have a par value of 100,000. 4. If the preference shares are cumulative and fully participating, and Mason Company did not pay dividends on the preference shares in the preceding two years: Dividends in arrears, 6% of 100,000 for 2 years Current year's dividend, 6% Participating dividend, 1.6% (8,000 + 500,000) Totals ILLUSTRATION 15A-4 Preference Ordinary Total Illustration: In 2015, Mason Company is to distribute 50,000 as cash dividends, its outstanding ordinary shares have a par value of 400,000, and its 6 percent preference shares have a par value of 100,000. 4. If the preference shares are cumulative and fully participating, and Mason Company did not pay dividends on the preference shares in the preceding two years: Dividends in arrears, 6% of 100,000 for 2 years Current year's dividend, 6% Participating dividend, 1.6% (8,000 + 500,000) Totals ILLUSTRATION 15A-4 Preference Ordinary Total
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