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In each of the following independent cases, the corporation has outstanding 2 0 , 0 0 0 , $ 0 . 8 0 , preferred
In each of the following independent cases, the corporation has outstanding $ preferred shares, with a carrying value of $ and common shares, with a carrying value of $ No dividends have been declared for or
a At December the board of directors wants to distribute $ in dividends. How much will the preferred shareholders and common shareholders receive if their shares are cumulative and nonparticipating?
b On December the preferred shareholders received an $ dividend on their shares, which are cumulative and fully participating. How much money was distributed to common shareholders and how much in total for dividends?
c At December the board of directors wants to distribute $ in dividends. How much will the preferred shareholders and common shareholders receive if their shares are cumulative and fully participating?
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