Hex Corporation showed the following amounts in the equity section of its balance sheet at January 1, 2021:
In 2021: On Jan. 20, 2021, 10,000 common shares were issued for $150,000. On Nov. 1, 2021, Cash dividends of $90,000 were declared. Dividends will be paid on January 18, 2022. On Dec. 31, 2021 Hex reported revenues of $150,000 and expenses of $80,000 for the year.
-What is the amount of dividend per share owing to preferred shareholders?
Correct Answer:
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