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need help, thanks. P11-4 Comparing Stock and Cosh Dividends LO11-4, 11-6 Calgate Compary had the following shares outstanding and retained earnhgs at the end of
need help, thanks.
P11-4 Comparing Stock and Cosh Dividends LO11-4, 11-6 Calgate Compary had the following shares outstanding and retained earnhgs at the end of the current year: The bourd of dircetors ls considering the distibution of o cash dividend to the two groups of sharcholders. No dludends were declared during the previous two years. Three independent cases are assumed: Case A: the pretered shares are non-cumulative; the total amount of dividends is $54200. Case B: Tire pleferred ahleres are cumblative, the lolel amburit of dindends is $76,000. Caso C: Sume ns casc B, except the amount is $104,000 Required: 1. Compute the amount ot chidends, in total and per share, that would be payable to each class of shareholders tor each case. (Round "Per shere" to 2 decimal places.) 2. Assume that the company issued a 12 percent common stock oividend on the outstanding common shares when the market value per shidre wa: $22 Comiplete the following cumpareirve scthedule for corminion shiares crily. (Enter any decreases to account balances with a minus sign.)Step by Step Solution
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