No explanation needed. Just answer is ok. Thanks. Banana Inc. has the following...
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Banana Inc. has the following on its balance sheet on December 31, 2021: Preferred Shares, $.40, cumulative, 50,000 issued and outstanding $100,000 Common Shares, unlimited authorized, 100,000 issued and $250,000 outstanding The last declaration and payment of dividends in full was December 31, 2017. No dividends have been declared or paid since then. A $190,000 cash dividend was declared on December 31, 2021. What is the maximum dividend that will be paid to the common shareholders? 190,000 w 90,000 none 130,000 110,000 Reacquisition and retirement of shares for more than the original issuance price: Will involve a loss to OCI will involve a decrease in contributed capital (surplus) and/or retained earnings will result in an increase in cash will involve an increase in contributed capital (surplus) and/or retained earnings will result in a loss on the income statement
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