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In 203, Snowboard Ltd. had the following share capital outstanding: No dividends were declared In 201 or 202, but $1,330,000 of dividends were declared In
In 203, Snowboard Ltd. had the following share capital outstanding: No dividends were declared In 201 or 202, but $1,330,000 of dividends were declared In 203. Required: Calculate the amount of dividends that would be pald in 203 to each share class under the following separate cases: Case A Preferred shares are cumulative and non-participating. Case B Preferred shares are cumulatlve and participating with common shares after the common shares recelve a $1 per share dividend. Participation Is based on relative annual total base dividends
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