USA written off receivable and Share dividends

[lzone554]

the ans is B, Can anyone explain more??


How to calculate the answer B?


thank you

 

[Triest123]

the ans is B, Can anyone explain more??
View attachment 281

How to calculate the answer B?
View attachment 280

thank you

Q1 :
The estimated collectible amount before written off $1,300
= $310,000 - $19,500 = $290,500

The estimated collectible amount after written off $1,300
= ($310,000 - $1,300) - ($19,500 - $1,300) = $290,500

Q2 :
Preference share dividend for 2 years (i.e. prior year and this year)
= (16,000 shares x $100 per shares) x 7% x 2 years
= $224,000

Ordinary share dividend declared for this year
= 60,000 shares x $1.95 per share dividend
= $117,000

So the total dividends paid for this year
= $224,000 + $117,000
= $341,000