Halo Ltd has the following statement of equity as of December X:
December X
Common shares no par value, unlimited authorized, issued and outstanding $
Class A preferred shares no par value, authorized, issued and outstanding, cumulative dividend
Class B preferred shares no par value, unlimited authorized, issued and outstanding, noncumulative dividend
Where applicable, the matching dividend is $ per share. Dividends were not paid in X or X
Required:
Compute the amount of dividends payable in total and per share on the common and preferred shares for each separate case:
Case A Class A and Class B preferred shares are nonparticipating. Dividends paid: $
