Question
The shareholders' equity of MLS Enterprises includes $230 million of no par common stock and $460 million of 5% cumulative preferred stock. The board
The shareholders' equity of MLS Enterprises includes $230 million of no par common stock and $460 million of 5% cumulative preferred stock. The board of directors of MLS declared cash dividends of $58 million in 2021 after paying $17 million cash dividends in both 2020 and 2019. What is the amount of dividends common shareholders will receive in 2021? (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Par Value Dividend Rate (%) Annual Preferred Dividend Preferred Stock Annual Preferred Dividend: Total Cash Dividend Paid Dividends in Arrears at year-end Paid to Preferred Paid to Common 2019 2020 2021 Total $ 0 $ 0 $
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
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