Solution-What is the total amount of the dividend payable

What is the total amount of the dividend payable

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Reference no: EM132721528

Question - On December 1, 20X5, Bleay Inc. declared a cash dividend of $400,000 to be paid on December 31, 20X5. These dividends were payable to shareholders of record at December 15, 20X5. Bleay's capital structure included the following:

- 100,000 common shares issued

- 10,000 Series A non-cumulative preference shares, each entitled to a dividend of $4 per year

- 10,000 Series B cumulative preference shares, each entitled to a dividend of $3 per year

Dividends on all classes of shares were last paid on December 31, 20X3. What is the total amount of the 20X5 dividend payable to the common shareholders?

Reference no: EM132721528

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What is the total amount of the dividend payable

Reference no: EM132721528

Reference no: EM132721528

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