Use the following facts to determine how much each of the three classes of shares receives of the $1,000,000 cash dividend.
Facts: In 2019 Blueberry Juice Inc.declared $1,000,000 in cash dividends.Its capital structure includes 300,000 common shares; 200,000 cumulative preferred shares "A" each entitled to an annual dividend of $1.00; and 50,000 non-cumulative preferred shares "B" each entitled to an annual dividend of $3.00.The prescribed dividends on both series of preferred shares were paid in 2018; there are no dividends in arrears.

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The Answer of Use the following facts to determine how much each of the three classes of shares receives of the $1,000,000 cash dividend.
Facts: In 2019 Blueberry Juice Inc.declared $1,000,000 in cash dividends.Its capital structure includes 300,000 common shares; 200,000 cumulative preferred shares "A" each entitled to an annual dividend of $1.00; and 50,000 non-cumulative preferred shares "B" each entitled to an annual dividend of $3.00.The prescribed dividends on both series of preferred shares were paid in 2018; there are no dividends in arrears.

Use the Following Facts to Determine How Much Each of the Three