Homework Answers
| Answer: | ||||||||
| In case of Cumulative Prefered Shareholders, the dividends in arrears has to pay First. | ||||||||
| Therefore in given in a case prefered Dividend arrears from 2012 to 2014 . | ||||||||
| Preference Dividend in Arrears = (50000*8%)*3 = 12000 | ||||||||
| Add: Current year Preference Dividend = 4000 | ||||||||
| Total Dividend paid to Prefered Shareholders = 16000 | ||||||||
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