Casey Corporation Has the Following Capital Shares Outstanding: (A) Common

question 52

Essay

Casey Corporation has the following capital shares outstanding: (a) Common shares, 6,000 shares. (b) $.80 preferred shares, 2,000 shares, cumulative , with 2 years in arrears excluding the current year. A cash dividend of $6,000 was declared and paid near the end of the current year. (a) Total dividends received by the preferred shareholders would be $________. (b) Total dividends received by the common shareholders would be $________.

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