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Problem #2 - Common & Preferred Share Earnings Arc Company had the following shares outstanding...

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Problem #2 - Common & Preferred Share Earnings Arc Company had the following shares outstanding and retained camings at December 31, 2015 Common Shares (500.000 outstanding $ 500,000 $.80 Preferred shares 121000 outstanding 210,000 Retained Emmgs 900.000 The board of directors is considering the distribution of a cash dividend to the common and preferred shareholders No dividends were declared during 2013 and 2014 Three Independent cases are assumed Case A The preferred shares are non-cumulative and the total amount of dividends pad is $25000 Case. The preferred shares are cumulative total amount of dividends is $ 25.000 Caso C Preferred shares are cumulative total amount of dividends is $75,000 REQUIRED Cculate the total amount of dividends for preferred and common as well as the per share armount of dividends Casa PREFERRED Tolm Por Share COMMON Total Earrings Share A B C

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