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Please look at the question, and ensure you are not putting the same numbers i already have. Swifty Limited's ledger shows the following balances on
Please look at the question, and ensure you are not putting the same numbers i already have.
Swifty Limited's ledger shows the following balances on December 31, 2023: (a) Your answer is partially correct. Assuming that the directors decide to declare total dividends in the amount of $499,500, determine how much each class of shares should receive if the preferred shares are cumulative and fully participating. Note that one year's dividends are in arrears on the preferred shares, which pay a dividend of $2.10 per share. (Round intermediate percentage calculations to 4 decimal places, e.g. 12.2525\% and final answers to 0 decimal places, e.g. 5,275
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