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outstanding stock of cavco included 20,000 shares of $5 par common stock and 4,000 shares of 6%, $10 par, cumulative preferred stock. in 2020, cavco declared and paid dividends of $3,000. in 2021, cavco declared and paid dividends of $6,000. how much of the 2021 dividend should be distributed to preferred shareholders?

Respuesta :

The dividend that should be paid to preferred shareholders in 2021 is indicated in the presented statement at $2400.

Who is a shareholder's owner?

Anyone who has "shares" in a corporation limited by shares is referred to by this moniker. In proportion to the number of shares you own, you are a shareholder and own a portion of the business. There may be one or many stockholders in a firm.

Briefing:

The following chart illustrates how the dividend amount paid to preferred shareholders was calculated:

= Number of non-cumulative preferred stock shares × par value per share × dividend rate

= 4,000 shares × $10 × 6%

=2400$

If there are dividend arrears for the non-cumulative preferred shares, they are not paid.

To arrive at the projected value, we merely multiplied each common shares shares even by par value as well as the dividend yield.

To know more about shareholder visit:

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