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The Lily Peng Company has a capitalization of 1 5 , 0 0 0 , $ 1 . 6 0 no par value preferred shares
The Lily Peng Company has a capitalization of $ no par value preferred shares and no par value common shares. All of the authorized shares have been issued. The preferred shares at $ per share and the common at $ per share. On December X there were no dividends in arrears. During the five following years the company's dividends declaration were as follows:
Under each of the following assumptions complete the schedule below, which shows the amounts of dividends for each of the two classes of shares.
Use Chart below to Answer.s
The Preferred Shares are Noncumulative & Nonparticipating
Year
Total
Dividends
Preferred
Shares
Common
Shares
X
$
X
$
X
$
X
$
X
$
This Examinalion Has Been Prepared by the House of Timuin and Subject to Copy Right Laws. Unauthorized Copying, Downioading, Distribution of transmission in Strially ProhibitedE
The Preferred Shares are cumulative & nonparticipating
Year
Total
Dividends
Preferred
Shares
Common
Shares
X
$
X
$
X
$
X
$
X
$
The Preferred Shares are noncumulative & participating
Year
Total
Dividends
Preferred
Shares
Common
Shares
X
$
X
$
X
$
X
$
X
$
The Preferred Shares are Cumulative & Participating
Year
Total
Dividends
Preferred
Shares
Common
Shares
X
$
X
$
X
$
X
$
X
$
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