For the Year Ended December 31, 2021, Harvest Productions Inc

question 79

Essay

For the year ended December 31, 2021, Harvest Productions Inc. earned $4,000,000. Outstanding preferred shares included $400,000 in 3% cumulative preferred shares issued on January 1, 2020 and $500,000 in 2% non-cumulative preferred shares issued on January 1, 2021. Dividends on the cumulative preferred shares were not declared in 2020.
Harvest did not declare any dividends during 2021.
Required:
Determine the net income available to ordinary shareholders for the year ended December 31, 2021.

---

Definitions:

Child Development

The field of study focusing on the psychological, emotional, and physical growth of children from birth through adolescence.

Controversies

Refers to public disagreements or debates marked by differing opinions on specific issues.

Child Development

The process by which children grow and mature in physical, cognitive, emotional, and social aspects from birth through adolescence.

History

The study of past events, particularly in human affairs, often documented and analyzed to understand patterns, causes, and effects.