Solution-How much cash would be paid out to each class of

How much cash would be paid out to each class of shares

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Question - Holt Company paid out cash dividends at the end of each year as follows:

Year	Dividends
2014	$230,000
2015	$355,000
2016	$406,000

Assume that Holt had 230,000 common shares and 10,000, $8, non-cumulative preferred shares. How much cash would be paid out in 2014, 2015, and 2016 to each class of shares?

Assume that Holt had 90,000 common shares, and 4,000, $5, cumulative preferred shares that were three years in arrears as at January 1, 2014. How much cash would be paid out in 2014, 2015, and 2016 to each class of shares?

Reference no: EM131929912

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How much cash would be paid out to each class of shares

Reference no: EM131929912

Reference no: EM131929912

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