Preferred Shares, $.40, cumulative, 50,000 issued and outstanding $100,000 Common Shares, unlimited authorized, 100,000 issued and $250,000 outstanding The last declaration and payment of dividends in full was December 31, 2017. No dividends have been declared or paid since then. A $190,000 cash dividend was declared on December 31, 2021. What is the maximum dividend that will be paid to the common shareholders? none 110.000 130.000 190.000 Reacquisition and retirement of shares for more than the original issuance price: Will involve an increase in contributed capital (surplus) and/or retained earnings will result in an increase in cash will involve a loss to OCI will result in a loss on the income statement will involve a decrease in contributed capital (surplus) and/or retained earnings Which of the following statements is correct? A) Common shares have the highest priority of all shares issued by a company. B) Preferred shares have the lowest priority of all shares issued by a company. C) Common shares have no claim to residual ownership interest of all shares. D) Every corporation must have at least one class of common share