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Tamarisk Limited issued120,00019par value, cumulative,7% preference shares on January 1, 2015, for 2,585,900. In December 2017, Tamarisk declared its first dividend of 841,300. If the
Tamarisk Limited issued120,00019par value, cumulative,7% preference shares on January 1, 2015, for 2,585,900. In December 2017, Tamarisk declared its first dividend of 841,300.
If the preference shares are not cumulative, how much of the 841,300would be paid to ordinary shareholders
If the preference shares are cumulative, how much of the 841,300would be paid to ordinary shareholders?
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