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St. Laurence reports the following data: Throughout the year, St. Laurence has outstanding 150,000 no par common shares and 20,000 no par, $ 0.40, preferred shares issued at $ 5 each. The company’s balance sheet also reports that the preferred shares are cumulative and non-participating. The data shows dividends were paid every year except the past two years and the current year. How much dividends will the common shareholders received if $50,000 wwas distributed? How much dividends will the preferred shareholders receive if $21,000 will be distributed in the year?

St. Laurence reports the following data: Throughout the year, St. Laurence has outstanding 150,000 no par common shares and 20,000 no par, $ 0.40, preferred shares issued at $ 5 each. The company’s balance sheet also reports that the preferred shares are cumulative and non-participating. The data shows dividends were paid every year except the past two years and the current year. How much dividends will the common shareholders received if $50,000 wwas distributed? How much dividends will the preferred shareholders receive if $21,000 will be distributed in the year?

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 54E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...
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St. Laurence reports the following data: Throughout the year, St. Laurence has outstanding 150,000 no par common shares and 20,000 no par, $ 0.40, preferred shares issued at $ 5 each. The company’s balance sheet also reports that the preferred shares are cumulative and non-participating. The data shows dividends were paid every year except the past two years and the current year.

How much dividends will the common shareholders received if $50,000 wwas distributed?

How much dividends will the preferred shareholders receive if $21,000 will be distributed in the year?

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