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Use the information provided below to answer the following questions. Victoria Products Inc. Equity Section of the Balance Sheet October 31, 2023 Contributed capital: Preferred
Use the information provided below to answer the following questions.
Victoria Products Inc.
Equity Section of the Balance Sheet
October 31, 2023
Contributed capital:
Preferred shares, $3 non-cumulative;
unlimited shares authorized,
A. shares issued and outstanding $603,900
Common shares, unlimited shares authorized, 328,000 shares issued and outstanding B
Total contributed capital C
Deficit D
Total equity. =$3,656,100
Other information:
- All of the shares were issued during the first year of operations (year ended October 31, 2022).
- The common shares were issued for an average price of $9.9 per share.
- The preferred shares were issued for an average price of $18.3 per share.
- Retained Earnings at October 31, 2022, was $387,000. No dividends had been paid for the year ended October 31, 2023
- Calculate A: Number of Preffered shares=?
- Calculate B: Common shares = ?
- Calculate C: Total Contributed Capital= ?
- Calculate D: Deficit=?
- Calculate Profit/loss for the year ended October 31,2023
- Assume cash dividends of $123,000 were paid during the year ended October 31, 2022. Calculate the total dividends actually paid during the year ended October 31, 2022, to the: A.) Preferred shareholders. B.) Common shareholders
- Referring to your answers in Part 6 above , calculate the dividends per share actually received by the : A.) Preferred shareholders. B.) Common shareholders
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