Dividends
Show solution for dividend allocation Given the adjusted trial balance of two years 2019 2018 Debit Credit Debit Credit 5% Preference share capital, $100 par $ 7,100,000 $ 6,700,000 Ordinary share capital, $5 par $10,000,000 $ 9,400,000 Preference shares are cumulative and non-participating. Dividends were declared last December 23, 2018, and were distributed to shareholders last […]