Question
RAMA Inc. has 3 types of shares. On 31/12/2020, the followings were outstanding shares: 130,000 share- Common stock, par $ 2 25,000 share- Preferred stock,
RAMA Inc. has 3 types of shares. On 31/12/2020, the followings were outstanding shares:
130,000 share- Common stock, par $ 2
25,000 share- Preferred stock, $ 50 par, 8%
8,000 share- Cumulative preferred stock, $ 100 par, 6%.
On this date, the company declared a total cash dividends of $ 420,000. It should be noted that the company did not pay any dividends during 2018 and 2019.
Required: How much is the total cash dividends that common stockholders will get?
NOTE: (When writing your answer do not use commas or sign of the dollar. For example, if your answer is $10,000, write it as 10000)
RAMA Inc. has 3 types of shares. On 31/12/2020, the followings were outstanding shares:
130,000 share- Common stock, par $ 2
25,000 share- Preferred stock, $ 50 par, 8%
8,000 share- Cumulative preferred stock, $ 100 par, 6%.
On this date, the company declared a total cash dividends of $ 420,000. It should be noted that the company did not pay any dividends during 2018 and 2019.
Required: How much is the total cash dividends that common stockholders will get?
NOTE: (When writing your answer do not use commas or sign of the dollar. For example, if your answer is $10,000, write it as 10000)
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Intermediate Accounting Volume 1
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
12th Canadian edition
119-49633-5, 1119496497, 1119496330, 978-1119496496
