Fletcher Ltd was incorporated on 1 January 2014 and on that date issued:

During December 2017 DT Ltd declared a total of $5000 in dividends. This was the first dividend declared by DT Ltd, that is, no dividends were declared or paid during the first two years of operations. If the preference shares are cumulative and non-participating the total amount of the $5000 dividend that will be available for payment to the ordinary shareholders is:

Question

Fletcher Ltd was incorporated on 1 January 2014 and on that date issued:

During December 2017 DT Ltd declared a total of $5000 in dividends. This was the first dividend declared by DT Ltd, that is, no dividends were declared or paid during the first two years of operations. If the preference shares are cumulative and non-participating the total amount of the $5000 dividend that will be available for payment to the ordinary shareholders is:

Quizplus · Accepted Answer

The Answer of Fletcher Ltd was incorporated on 1 January 2014 and on that date issued:

During December 2017 DT Ltd declared a total of $5000 in dividends. This was the first dividend declared by DT Ltd, that is, no dividends were declared or paid during the first two years of operations. If the preference shares are cumulative and non-participating the total amount of the $5000 dividend that will be available for payment to the ordinary shareholders is:

Fletcher Ltd Was Incorporated on 1 January 2014 and on That