$($b$)$

Your answer is correct.

Assuming that the directors decide to declare total dividends in the amount of $$400,000,$ determine how much each class of

shares should receive if the preferred shares are non$-$cumulative and non$-$participating. Note that one year's dividends are in

arrears on the preferred shares, which pay a dividend of $$1\mathrm{.}00$ per share. $($Round answers to $0$ decimal places, e$.$g$.5,275.)$

Attempts: $1$ of $5$ used

$($c$)$

Your answer is partially correct.

Assuming that the directors decide to declare total dividends in the amount of $$400,000,$ determine how much each class of

shares should receive if the preferred shares are non$-$cumulative and are participating in distributions in excess of a $7\%$ dividend Assuming that the directors decide to declare total dividends in the amount of $$400,000,$ determine how much each class of

shares should receive if the preferred shares are non$-$cumulative and are participating in distributions in excess of a $7\%$ dividend

rate on the common shares. Note that one year's dividends are in arrears on the preferred shares, which pay a dividend of $$1\mathrm{.}00$

per share. $($Round intermediate percentage calculations to $4$ decimal places, e$.$g$.12\mathrm{.}2525\%$ and final answers to $0$

decimal places, e$.$g$.5,275.)$Current Attempt in Progress

Concord Limited's ledger shows the following balances on December $31,2023$:

Preferred shares outstanding: $20,000$ shares

$$400,000$

Common shares outstanding: $50,000$ shares

$3,600,000$

Retained earnings

$800,000$

$($a$)$

Your answer is correct.

Assuming that the directors decide to declare total dividends in the amount of $$400,000,$ determine how much each class of

shares should receive if the preferred shares are cumulative and fully participating. Note that one year's dividends are in arrears

on the preferred shares, which pay a dividend of $$1\mathrm{.}00$ per share. $($Round intermediate percentage calculations to $4$ decimal

places, e$.$g$.12\mathrm{.}2525\%$ and final answers to $0$ decimal places, e$.$g$.5,275.)$

PLEASE ANSWER PART C$!$

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