uuuuulip Platinum Garde, Inc. has 80,000 shares of $1.35 cumulative preferred shares outstanding in addition to its common shares. Assume that in 2020, Platinum Garde declares an annual dividend of $1,007,000. The allocation to preferred and common shareholders is as follows: BE: (Click the icon to view the data) Answer these questions about Platinum's cash dividends: Requirements Requirement 1. How much in dividends must Platinum declare each year before the common shareholders receive any cash dividends for the year? Platinum Garde must declare dividends of each year before the common shareholders receive any cash dividends for the year. Requirement 2. Suppose Platinum declares cash dividends of $550,000 for 2020 How much of the dividends go to preferred? How much go to common? Class of shares 2020 Dividends Preferred Data Table Common Total Preferred dividend (80,000 shares x $1 35 per share) s 108,000 899,000 Requirement 3. Aro Platinum's preferred shares cumulative or non-cumulative? How can you tell? Common dividend (remainder: $1,007,000 - $108,000) Total dividend $ 1,007,000 Enter any number in the edit fields and then continue to the next question. Print Done Type here to search I e e C . 17C Alert ENG 22:51 02-07-2021 This Quiz: 30 pts pos Question Help Platinum Garde, Inc. has 80,000 shares of $1.35 cumulative preferred shares outstanding in addition to its common shares. Assume that in 2020, Platinum Garde declares an annual dividend of $1,007,000. The allocatio preferred and common shareholders is as follows: B (Click the icon to view the data.) Answer these questions about Platinum's cash dividends: Requirements Requirement 2. Suppose Platinum declares cash dividends of $550,000 for 2020. How much of the dividends go to preferred? How much go to common? Class of shares 2020 Dividends Preferred Common Total Requirement 3. Are Platinum's preferred shares cumulative or non-cumulative? How can you tell? Platinum Garde's preferred shares are because preferred shares are V unless they are stated as Requirement 4. Platinum passed the preferred dividend in 2018 and 2019. Then in 2020, Platinum declares cash dividends of $1,300,000. How much of the dividends go to preferred? How much go to common? Class of Shares 2020 Dividends Enter any number in the edit fields and then continue to the next question. 17C Alert ENG g 2252 02-07-2021 HI O Type here to search Question Help Platinum Garde, Inc. has 80,000 shares of $1.35 cumulative preferred shares outstanding in addition to its common shares. Assume that in 2020, Platinum Garde declares an annual dividend of $1,007,000. The allocation to preferred and common shareholders is as follows: (Click the icon to view the data.) Answer these questions about Platinum's cash dividends: Requirements Common Total Requirement 3. Are Platinum's preferred shares cumulative or non-cumulative? How can you tell? Platinum Garde's preferred shares are V because preferred shares are unless they are stated as Requirement 4. Platinum passed the preferred dividend in 2018 and 2019. Then in 2020, Platinum declares cash dividends of $1,300,000. How much of the dividends go to preferred? How much go to common? Class of Shares 2020 Dividends Preferred Common Total ? Enter any number in the edit fields and then continue to the next question, - 22:32 ENG 02-07-2021 17C Alert O Type here to search O B1