The outstanding share capital of Sheng inc. Includes 48,000 shates of $960 cumulative preferred and...
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Accounting
The outstanding share capital of Sheng inc. Includes 48,000 shates of $960 cumulative preferred and 83,000 common shares, all issued during the first year of operations, During its first four years of operations, the corporation declared and paid the following amounts in dividends: Required: Determine the total dividends pald in each year to each class of shareholders. Also determine the total dividends paid to each class over the four years
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