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Massive Corp. is authorized to issue unlimited SO 90 no-par preferred shares and unlimited no par common shares. There are 17.000 preferred and 51,000 common

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Massive Corp. is authorized to issue unlimited SO 90 no-par preferred shares and unlimited no par common shares. There are 17.000 preferred and 51,000 common shares outstanding. In a five-year period, annual dividends paid were $3,000, $5,000 $75,000 $4.000, and $150,000, respectively. Required: Calculate the amount of dividends that would be paid to each share class for each year under the following separate cates. Where applicable, the matching dividend per common share is $100 Case A Preferred shares are cumulative and non participating Year Total Paid Preferred Common 1 2 3 Partial Partial Areas Current Total Partial Arrears Current Total $ 05 OS 4 5 0 0$ 05 5 Pro 3 of 4 ! Next > Case B Preferred shares are non-cumulative and non-participating. Year Total Paid Preferred Common 1 N $ 0 3 4 GA 0 On Case C Preferred shares are non cumulative and fully participating Participation is based on the relative number of shares outstanding Year Total Paid Preferred Common 1 Current 2 3 Current Current Matching Balance Total $ 0 $ 0 $ 4 Current 5 Current Matching Balance 0 0 $ 0 $ $ Total Case D Preferred shares are non-cumulative and partially participating up to an additional $0.90 per share. Participation is based on relative annual total base dividends. (Round allocation percentages values to nearest whole percent.) Year Total Paid Proferred Common 1 Current 2 Current 3 Current Matching Balance $ 0 0 $ 05 Total 4 Current 5 Current Matching Balance $ 0 05 05 Total

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