Homework Answers
a) Dividend arrearange = 4000*50*6% = 12000
b) Dividend distribution
| Distribution to shareholders | |||
| Amount | Preferred | Common | |
| Total dividend declared | 40000 | ||
| 2018 arrearage | 12000 | 12000 | |
| 2019 preferred divdends | 12000 | 12000 | |
| Available for common | 16000 | ||
| Distributed to Common | 16000 | ||
| Total distribution | 24000 | 16000 | |
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