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The outstanding share capital of Sheng Inc. includes 54,000 shares of $9.60 non-cumulative preferred and 89,000 common shares, all issued during the first year of operations. During its first four years of operations, the corporation declared and paid the following amounts in dividends: Total Year Dividends Declared 2018 2$ 546,000 1,118,000 546,000 2019 2020 2021 Required: Determine the total dividends paid in each year to each class of shareholders under the assumption that the preferred shares are non- cumulative. Also determine the total dividends paid to each class over the four years. (Leave no cells blank, enter "O" where ever required.) Preferred Common Total Dividends 2018 $ 2019 2020 2021 Total for four years $

The outstanding share capital of Sheng Inc. includes 54,000 shares of $9.60 non-cumulative preferred and 89,000 common shares, all issued during the first year of operations. During its first four years of operations, the corporation declared and paid the following amounts in dividends: Total Year Dividends Declared 2018 2$ 546,000 1,118,000 546,000 2019 2020 2021 Required: Determine the total dividends paid in each year to each class of shareholders under the assumption that the preferred shares are non- cumulative. Also determine the total dividends paid to each class over the four years. (Leave no cells blank, enter "O" where ever required.) Preferred Common Total Dividends 2018 $ 2019 2020 2021 Total for four years $

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 12RE: Given the following year-end information, compute Greenwood Corporations basic and diluted earnings...
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The outstanding share capital of Sheng Inc. includes 54,000 shares of $9.60 non-cumulative preferred and 89,000 common shares, all issued during the first year of operations. During its first four years of operations, the corporation declared and paid the following amounts in dividends: Total Year Dividends Declared 2018 $ 2019 546,000 1,118,e00 546, 000 2020 2021 Required: Determine the total dividends paid in each year to each class of shareholders under the assumption that the preferred shares are non- cumulative. Also determine the total dividends paid to each class over the four years. (Leave no cells blank, enter "O" where ever required.) Preferred Common Total Dividends 2018 $ 2019 2020 2021 Total for four years $
Transcribed Image Text:The outstanding share capital of Sheng Inc. includes 54,000 shares of $9.60 non-cumulative preferred and 89,000 common shares, all issued during the first year of operations. During its first four years of operations, the corporation declared and paid the following amounts in dividends: Total Year Dividends Declared 2018 $ 2019 546,000 1,118,e00 546, 000 2020 2021 Required: Determine the total dividends paid in each year to each class of shareholders under the assumption that the preferred shares are non- cumulative. Also determine the total dividends paid to each class over the four years. (Leave no cells blank, enter "O" where ever required.) Preferred Common Total Dividends 2018 $ 2019 2020 2021 Total for four years $
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