The outstanding share capital of Grouper Corporation consists of 2,970 preferred shares and 5,400 common...

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The outstanding share capital of Grouper Corporation consists of 2,970 preferred shares and 5,400 common shares for which $243,000 was received. The preferred shares carry a dividend of $6 per share and have a $100 stated value. (a) Your answer is correct. Assuming that the company has retained earnings of $99,200 that is to be entirely paid out in dividends and that preferred dividends were not paid during the 3 years preceding the current year, state how much each class of shares should receive if the preferred shares are non-cumulative and non-participating. Preferred Common Total Dividends 178208138099200 eTextbook and Media Attempts: 1 of 2 used (b) Your answer is correct. Assuming that the company has retained earnings of $99,200 that is to be entirely paid out in dividends and that preferred dividends were not paid during the 3 years preceding the current year, state how much each class of shares should receive if the preferred shares are cumulative and non-participating. Preferred Common Total Dividends 712802792099200 eTextbook and Media Attempts: 1 of 2 used (c) Your answer is partially correct. Assuming that the company has retained earnings of $99,200 that is to be entirely paid out in dividends and that preferred dividends were not paid during the 3 years preceding the current year, state how much each class of shares should receive if the preferred shares are cumulative and participating. (Round answers to 0 decimal places, e.g.5,275.)

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