Nala Company Has Two Classes of Shares That Were Both

question 70

Essay

Nala Company has two classes of shares that were both issued on January 1,2015:
Class A,$10 par value,8% preferred shares,2,750,000 shares issued and outstanding;
Class B,no par value common shares issued at $30/share,1,300,000 shares issued and outstanding.
Due to challenging start-up problems in 2015 and 2016 there were no dividends paid; in 2017 dividends of $8,000,000 were paid; and,for 2018,dividends paid totaled $16,000,000.
Required:
How much was the amount of dividends paid to preferred and common shares in 2015 to 2018? First assume that the preferred shares are non-cumulative,then assume that they are cumulative.
NC = Non-cumulative
C = Cumulative
P/S = Preferred shares
C/S = Common shares

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Definitions:

Negative Attitude

A pervasive pattern of thinking or feeling about people, situations, or oneself in a pessimistic or detrimental manner, often leading to adverse outcomes or behaviors.

Work/Life

The balance or integration of work and personal life, focusing on managing career and personal or family needs effectively.

Stress

A state of mental or emotional strain or tension resulting from adverse or demanding circumstances.

Fight-Or-Flight Response

The body's automatic physiological reaction to a perceived threat, preparing an individual to either confront the situation or flee.