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The shareholders equity of ILP Industries includes the items shown below. The board of directors of ILP declared cash dividends of $17 million, $35 million,
The shareholders equity of ILP Industries includes the items shown below. The board of directors of ILP declared cash dividends of $17 million, $35 million, and $180 million in its first three years of operation2024, 2025, and 2026, respectively.
($ in millions)Common stock$ 130Paid-in capitalexcess of par, common1,010Preferred stock, 8% 350Paid-in capitalexcess of par, preferred585
Required:
- Determine the amount of dividends to be paid to preferred and common shareholders in each of the three years, assuming that the preferred stock is cumulative and nonparticipating.
- Determine the amount of dividends to be paid to preferred and common shareholders in each of the three years, assuming that the preferred stock is noncumulative and nonparticipating.
I can not figure out year 2026 for the life of me. Correct answer will receive a thumbs up.
Determine the amount of dividends to be paid to preferred and common shareholders in each of the three years, assuming that the preferred stock is cumulative and nonparticipating. Note: Enter your answers in millions (i.e., 10,000,000 should be entered as 10). The shareholders' equity of ILP Industries includes the items shown below. The board of directors of ILP declared cash dividends of $17 million, $35 million, and $180 million in its first three years of operation-2024, 2025, and 2026, respectively. Requlred: 1. Determine the amount of dividends to be paid to preferred and common shareholders in each of the three years, assuming that the preferred stock is cumulative and nonparticipating. 2. Determine the amount of dividends to be paid to preferred and common shareholders in each of the three years, assuming that the preferred stock is noncumulative and nonparticipating
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