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Xavier Limited paid out cash dividends at the end of each year as noted below. There were three years arrears as of January 1 ,
Xavier Limited paid out cash dividends at the end of each year as noted below. There were three years arrears as of January Year Dividends $ $ $ c Assume that Xavier Limited had common shares outstanding and $ non cumulative preferred shares outstanding. How much cash would be paid out in and for each class of shares? d Now assume that the above noted preferred shares are cumulative. How much cash would be paid out in and for each class of shares?
Xavier Limited paid out cash dividends at the end of each year as noted below. There were three years
arrears as of January
Year
Dividends
$
$
$
c Assume that Xavier Limited had common shares outstanding and $ non
cumulative preferred shares outstanding. How much cash would be paid out in and
for each class of shares?
d Now assume that the above noted preferred shares are cumulative. How much cash would be
paid out in and for each class of shares?
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