Solution-How much would have been paid to each class of

How much would have been paid to each class of share

Assignment Help Financial Accounting

Reference no: EM132787911

Question - Financial Accounting, IFRS International Financial Reporting Standards

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)

Required - 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?

Assume instead that the preferred shares were cumulative instead of non-cumulative and were two years in arrears in 2018 (that is, no dividends had been paid in 2016 and 2017). How would that have changed your answer to the year 2018 and 2019 assuming $525000 is still paid in 2018 and $600000 is still paid in 2019?

Reference no: EM132787911

Questions Cloud

Find velocity of centre of mass of combination : What will be the velocity of the centre of mass of the combination of two player immediately after the check.

What the amount assigned to the june inventory would be : If Fillmore uses the FIFO inventory method, the amount assigned to the June 30 inventory would be? Total cost of goods available for sale 3 626.50

How time is conceived for different cultural groups : Explain how time is conceived for different cultural groups. Pick a cultural group and explain in your own words. Minimum of 150 words.

What is the greates upward acceleration : What is the greates upward acceleration possible for the elevator under these circumstances?

How much would have been paid to each class of share : Financial Accounting, IFRS International Financial Reporting Standards - How much would have been paid to each class of share in each of 2018, 2019, and 2020

How are race and ethnicity characterized in the film : How are race and ethnicity characterized in the film? In our primary sources we see both sides, a torturer and a guerrilla fighter.

Examine and critique regulatory and sustainability issues : Critically analyse and apply theoretical and technical accounting knowledge - Examine and critique regulatory and sustainability issues relevant to accounting

Calculate the acceleration and the final velocity of gun : The bullet leaves the gun with a velocity of 355 m/s [N] having accelerated for 0.10 s. Calculate the acceleration and the final velocity of the gun.

What are the characteristics of latin american dictatorships : How did Peronism and Peron lead to the military junta of 1973? What are the characteristics of Latin American dictatorships? What is the relationship between.

User Account

All Pages

How much would have been paid to each class of share

Reference no: EM132787911

Reference no: EM132787911

Questions Cloud

Reviews

Write a Review

Financial Accounting Questions & Answers

Financial statement analysis and preparation

Shareholder of a company

Financial and accounting principles

Prepare a statement of cash flow using the direct method

Financial accounting assignment

Prepare general journal entries for goela

Principles of financial accounting

Prepare general journal entries to record the transactions

Global reporting initiative

Explain the iasb conceptual frameworks

Determine the company''s financial statements

Computation of free cash flow

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT