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need proper entries with correct answer Assume that the directors declare dividends in the amount of 770,000, and two-year's dividends are in arrears on the

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Assume that the directors declare dividends in the amount of 770,000, and two-year's dividends are in arrears on the preference shares. Compute how much each class of shares will receive in all of the following plans: 1. If the preference shares are non-cumulative and non-participating. 2. If the preference shares are cumulative and fully participating

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