Trail Ltd’s issued share capital has not changed since incorporation on 1 January 2020, and consists of:400 000 Ordinary shares (issued at R2 each)150 000 9% Preference shares (issued at R2 each)180 000 10% Cumulative preference shares (issued at R3 each)No dividends were declared in the previous two financial years, but at the end of the current financial year on 31 December 2023, a dividend of 15c per ordinary share was declared.REQUIRED:Which one of the following amounts will be the total dividend expense on   31 December 2023?

Which one of the following amounts will be the total dividend expense on   31 December 2023?

rail Ltd’s issued share capital has not changed since incorporation on 1 January 2020, and consists of:400 000 Ordinary shares (issued at R2 each)150 000 9% Preference shares (issued at R2 each)180 000 10% Cumulative preference shares (issued at R3 each)No dividends were declared in the previous two financial years, but at the end of the current financial year on 31 December 2023, a dividend of 15c per ordinary share was declared.

2. What was the total amount paid to the common shareholders as dividends in 2023?

Exercise 12-13 Allocating dividends between common and non-cumulative preferred shares LO5The outstanding share capital of Sheng Inc. includes 43,000 shares of $9.60 non-cumulative preferred and 78,000 common shares, all issued during the first year of operations. During its first four years of operations, the corporation declared and paid the following amounts in dividends: Year TotalDividends Declared2021 $ 0  2022   440,000  2023   1,058,000  2024   440,000  Required:Determine the total dividends paid in each year to each class of shareholders under the assumption that the preferred shares are non-cumulative. Also determine the total dividends paid to each class over the four years. (Leave no cells blank, enter "0" where ever required.)

Cableserve Inc. has the following outstanding shares:  15,000 shares, $5.40 cumulative preferred35,000 shares, common During 2023, the company declared and paid $180,000 in dividends. Dividends were in arrears for the previous year (2022) only. No new shares have been issued since the first year of operations. Required:1. What was the total amount paid to the preferred shareholders as dividends in 2023?