A corporation had the following shares outstanding when the company's board of directors declared a $95,000 cash dividend during the current year:
Allocate the cash dividend between the preference and ordinary shareholders assuming the preference shares are cumulative and nonparticipating and dividends are one year in arrears.

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The Answer of A corporation had the following shares outstanding when the company's board of directors declared a $95,000 cash dividend during the current year:
Allocate the cash dividend between the preference and ordinary shareholders assuming the preference shares are cumulative and nonparticipating and dividends are one year in arrears.

A Corporation Had the Following Shares Outstanding When the Company's