The Matsuta Corporation has 10,000 preference shares of 100 nominal value, 7 per cent cumulative outstanding, and
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The Matsuta Corporation has 10,000 preference shares of 100 nominal value, 7 per cent cumulative outstanding, and 50,000 ordinary shares of 1 nominal value outstanding. In its first four years of operation, the board of directors of Matsuta Corporation paid cash dividends as follows: \(20 \times 1\), none; \(20 \times 2,120,000 ; 20 \times 3,140,000 ; 20 \times 4,140,000\)
Determine the dividends per share and total cash dividends paid to the preference and ordinary shareholders during each of the four years.
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Related Book For
Financial Accounting A Global Approach
ISBN: 9780395839867
1st Edition
Authors: Sidney J. Gray, Belverd E. Needles
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