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Sheridan Corporation has the following shareholders' equity on September 30, 2024: Shareholders' equity Share capital $10 preferred shares, cumulative 10,000 shares authorized, 4000 shares
Sheridan Corporation has the following shareholders' equity on September 30, 2024: Shareholders' equity Share capital $10 preferred shares, cumulative 10,000 shares authorized, 4000 shares issued $4000000 Common shares, 200,000 shares authorized, 10000 shares issued 200000 Total share capital 4200000 Retained earnings 571000 Total shareholders' equity $4771000 On September 15, 2024, Sheridan Corporation declared a $171000 dividend to be paid on October 15 to shareholders of record on September 30. Assuming that the preferred dividends were last paid in 2022, the amount of dividends per common share for 2024 would be $10. $0.10. $17. $9.10.
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