The J&W; Corporation\'s shareholders\' equity as at December 31, 20x7 is as foll

Question

The J&W; Corporation's shareholders' equity as at December 31, 20x7 is as follows: Common shares, 1211593 shares outstanding Preferred shares, $4.75, cumulative, 193741 shares outstanding Retained Earnings $40,000,000 $15,000,000 S65,000,000 The preferred share dividends were last paid on December 31, 20x4. It is now December 1, 20x8 and management wants to pay a dividend of $3.72 per common share. What will be the total dividend declared on December 1,20x8? Select one: a. $5427396 b. $8188205 c. $7267935 d. $4507126

Explanation / Answer

Preferred dividends 3681079 =193741*4.75*4 Common stock dividends 4507126 =1211593*3.72 Total dividends 8188205 Option B is correct

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