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thanks for answering my question! 5. Devons Company has 24.000 ordinary shares with a 1 par issued and outstanding. The company also has 2,000 shares
thanks for answering my question!
5. Devons Company has 24.000 ordinary shares with a 1 par issued and outstanding. The company also has 2,000 shares of 100 par 4% cumulative preference shares outstanding. The company did not pay the preference dividends in 2019 or 2020. If the company expects to pay $26,000 cash dividends, what amount of dividends must the company pay the preference shareholders in 2021 and the ordinary shareholders, respectively? (8%) Step by Step Solution
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