A Company Was Organized in January 2010 and Has 2,000

Essay

A company was organized in January 2010 and has 2,000 $100 par value, 10%, nonparticipating preference shares outstanding and 30,000 $10 par value ordinary shares outstanding. It has declared and paid cash dividends each year as shown below. Calculate the total dividends distributed to each class of shareholder under each of the assumptions given.