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Norton, Inc

Question 49

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Norton, Inc.has 10,000 shares of 6%, $100 par value, noncumulative preference shares and 100,000 ordinary shares with a $1 par value outstanding at December 31, 2010, and December 31, 2011.The board of directors declared and paid a $50,000 dividend in 2010.In 2011, $110,000 of dividends are declared and paid.What are the dividends received by the preference and ordinary shareholders in 2011? Norton, Inc.has 10,000 shares of 6%, $100 par value, noncumulative preference shares and 100,000 ordinary shares with a $1 par value outstanding at December 31, 2010, and December 31, 2011.The board of directors declared and paid a $50,000 dividend in 2010.In 2011, $110,000 of dividends are declared and paid.What are the dividends received by the preference and ordinary shareholders in 2011?

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