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Carla Vista, Inc. has $500,000, $0.95, no par value preferred shares (50,000 shares) and $1,000,000...

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Accounting

Carla Vista, Inc. has $500,000, $0.95, no par value preferred shares (50,000 shares) and $1,000,000 of no par value common shares outstanding (80,000 shares). No dividends were paid or declared during 2021 and 2022. The company wants to distribute $591,500 in dividends on December 31,2023.
(a)
Your answer has been saved. See score details after the due date.
Calculate the amount of dividends to be paid to each group of shareholders (i.e., preferred and common), assuming the preferred shares are non-cumulative and non-participating.
Preferred
Common
Total dividends
$enter a dollar amount
47500
$enter a dollar amount
544000
Attempts: 1 of 1 used
(b)
Calculate the amount of dividends to be paid to each group of shareholders (i.e., preferred and common), assuming the preferred shares are cumulative and non-participating.
Preferred
Common
Total dividends
$enter a dollar amount
$enter a dollar amount

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