Question
Please show the solution in good accounting form. Thank you! (Answer letter A-J) The board of directors of KALEIDOSCOPE Corporation has declared cash dividends of
Please show the solution in good accounting form. Thank you! (Answer letter A-J)
The board of directors of KALEIDOSCOPE Corporation has declared cash dividends of 30,000 to its outstanding shares. The outstanding share capital of KALEIDOSCOPE Corporation consists of 3,000 shares of 60 par value, 6% preference share capital and 6,500 shares of 15 par value ordinary share capital. Dividends are in arrears for two years.
A. Compute for the dividend per share given the individual assumptions allocated for: 1. Preference shares a. Preference share capital is noncumulative and nonparticipating b. Preference share capital is noncumulative and participating c. Preference share capital is cumulative and nonparticipating d. Preference share capital is cumulative and participating e. Preference share capital is cumulative and participating up to 8%
2. Ordinary shares f. Preference share capital is noncumulative and nonparticipating g. Preference share capital is noncumulative and participating h. Preference share capital is cumulative and nonparticipating i. Preference share capital is cumulative and participating j. Preference share capital is cumulative and participating up to 8%
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