Asked by samir

preferred shares, $2,89 non-cumulative, 10,000 shares authorized, issued and outstanding for $498,700
common shares, unlimited shares authorized, 120,000 shares issued and outstanding for $946,900
and retained earnings is 450,530

the only share transactions during 2011 were declaration and distribution of 24,000 common share dividend only july 1

explain what difference would it make if the share dividend had taken place on january 2.

Answers

Answered by samir
sorry it should be 2.80 non cumulative not 2.89
Answered by Anonymous
67
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