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Find how much would have been paid to each class of share

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Reference no: EM132813866

Financial Accounting, IFRS International Financial Reporting Standards Section 4 Dividends

Assume that MacGill Inc, paid out total cash dividends of the following amount at the end of each year:

Year, 2018, $252000 (Dividends)

Year, 2019, $600000 (Dividends)

Year, 2020, $750000 (Dividends)

Problem 1: Assume that MacGill had $100,000 common share and 25000 shares non-cumulative preferred shares with a dividend rate of ^6 per share. How much would have been paid to each class of share in each of 2018, 2019, and 2020?

Reference no: EM132813866

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