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R) Corporations December 31, 2019 statement of financial position showed the following: Share capitalpreference 6%, $20 par value, cumulative, 10,000 shares authorized; 7,500 shares issued
R) Corporations December 31, 2019 statement of financial position showed the following:
Share capitalpreference 6%, $20 par value, cumulative,
10,000 shares authorized; 7,500 shares issued $150,000
Share capitalordinary, $10 par value, 1,000,000 shares authorized;
975,000 shares issued, 960,000 shares outstanding 9,750,000
(R) declared and paid a $50,000 cash dividend on December 15, 2019.
If the companys dividends in arrears prior to that date were $9,000, (R)'s ordinary shareholders received:
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