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Minh Tran Duong Co. had outstanding 3,000 shares of no‑par value, $8.00, cumulative preferred shares and 30,000 shares of no-par value common shares on December 31, 20X2. At December 31 dividends in arrears on the preferred shares were $12,000. Cash dividends declared in 20X3 totaled $44,000. The amounts paid to each class of share were: Preferred Shares Common Shares options: $ 24,000  $ 20,000  $ 36,000  $ 8,000  $ 12,000  $ 32,000  $ 32,000  $ 12,000

Minh Tran Duong Co. had outstanding 3,000 shares of no‑par value, $8.00, cumulative preferred shares and 30,000 shares of no-par value common shares on December 31, 20X2. At December 31 dividends in arrears on the preferred shares were $12,000. Cash dividends declared in 20X3 totaled $44,000. The amounts paid to each class of share were: Preferred Shares Common Shares options: $ 24,000  $ 20,000  $ 36,000  $ 8,000  $ 12,000  $ 32,000  $ 32,000  $ 12,000

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 12RE: Given the following year-end information, compute Greenwood Corporations basic and diluted earnings...
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Minh Tran Duong Co. had outstanding 3,000 shares of no‑par value, $8.00, cumulative preferred shares and 30,000 shares of no-par value common shares on December 31, 20X2. At December 31 dividends in arrears on the preferred shares were $12,000. Cash dividends declared in 20X3 totaled $44,000. The amounts paid to each class of share were: Preferred Shares Common Shares

options:

$ 24,000 

$ 20,000 

$ 36,000 

$ 8,000 

$ 12,000 

$ 32,000 

$ 32,000 

$ 12,000

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