Sandex Corporation's Balance Sheet Reported the Following Shareholders' Equity as of December

question 129

Essay

Sandex Corporation's balance sheet reported the following shareholders' equity as of December 31, 2021: Additional information:
There is one year of dividends in arrears on the preferred shares. Sandex declared a total cash dividend of $ 100,000 on December 31, 2021.
Instructions
a) Determine the dividend allocation between common and preferred shares and record the declaration of the dividend.
b) Calculate the average per share amount for common shares (round to two decimal places).

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Definitions:

Behavioral Science

The study of human and animal behavior through observation, experimentation, and analysis.

Describing Behavior

Involves the detailed observation and documentation of actions or responses of individuals in various contexts to understand underlying processes.

Pseudoscience

Refers to practices or beliefs that claim to be scientific or based on scientific principles but lack empirical evidence or are inconsistent with established scientific methods.

Vague Evidence

is information or data that lacks clarity, precision, or specifics, making it difficult to interpret or rely upon.