Patch Garden plans to distribute $150 000 in dividends. It has 20,000 7 per cent...
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Accounting
Patch Garden plans to distribute $150 000 in dividends. It has 20,000 7 per cent preferred share (cumulative) originally issued at $10 and 60 000 ordinary shares. How much will be distributed per share on preferred and ordinary shares?
Preferred shares $1.68; Ordinary shares $1.68
Preferred shares $3.35; Ordinary shares $1.12
Preferred shares $0.70; Ordinary shares $2
Preferred shares $0.70; Ordinary shares $2.26
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