John corp has outstanding share capital consists of

john corp has outstanding share capital consists of

Preferred shares outstanding: 3,000 shares

$300.000

Common shares outstanding: 7,000 shares

$280.000

the two years preceding the current year, state how

much each class of shares should receive under

each of the following condition.

The preferred shares carry a dividend of $9 per share

and have a $100 stated value. The company decided

to pay $115.000 in dividends and that preferred

dividends were not pant duce

Instructions

1. The preferred shares are cumulative and

participating. Do not round intermediate calculations

but round answers to the nearest dollar

2. The preferred shares are cumulative and non-

participating.

Prestanding 3.000 shares 5300000 Commonstanding 700 shares $280.000 The preferred are carry a dividend of 50 per share and have a 100 stated value. The company decided to pay $15.000 de theo years preceding the current your state how much each dass of shares should receive under each of the following con Instructions The preferred share are cumulative and participating Do not round inmediato calculations but round to the 2. The preferred shares are cumulative and non participating