1. cumulative and nonparticipating and the total amount that the board of directors has specified for dividends is (a) P100,000, (b) P168,000, (c) P200,000.
dividends on preference and ordinary shares
Lord Aguilar Corp. plans to declare and distribute a dividend in December 2019. There are 20,000 shares of 7%
Required: Determine the amount of the dividends that should be paid to the preference and ordinary shareholders if the preference shares
1. cumulative and nonparticipating and the total amount that the board of directors has specified for dividends is (a) P100,000, (b) P168,000, (c) P200,000.
2. cumulative and participating and the total amount that the board of directors has specified for dividends is (a) P100,000, (b) P168,000, (c) P200,000.
Step by step
Solved in 2 steps with 2 images
