Question
VaughnCorporation has the following shareholders equity on September 30, 2021: Shareholders' equityShare capital$10 preferred shares, cumulative10,000 shares authorized,4500shares issued$4500000Common shares,200,000 shares authorized,10900shares issued218000Total share capital4718000Retained
VaughnCorporation has the following shareholders equity on September 30, 2021:
Shareholders' equityShare capital$10 preferred shares, cumulative10,000 shares authorized,4500shares issued$4500000Common shares,200,000 shares authorized,10900shares issued218000Total share capital4718000Retained earnings573000Total shareholders' equity$5291000
On September 15, 2021,VaughnCorporation declared a $179000dividend to be paid on October 15 to shareholders of record on September 30. Assuming that the preferred dividends have NOT been paid since 2019, the amount of dividends per common share for 2021 would be
$0.10.
$16.42.
$10.00.
$4.04.
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