The outstanding share capital of Kuklo Corporation includes 1,000 shares of $8 preferred and 50,000 shares common.
The outstanding share capital of Kuklo Corporation includes 1,000 shares of $8 preferred and 50,000 shares common. During its first two years of operation, the corporation declared ( on December 15th to be paid in 60 days) $6,000 and $50,000 respectively. Determine the total dividends paid in each year to each class of shareholders and prepare the dividend declaration journal entry for the second year […]