12. ABC Co. reported the following shareholders' equity at year end: 7% Preference share, 25,000 shares Ordinary share capital, P25 par P2,500,000 6,250,000 1,250,000 5,000,000 Share Premium Retained Earnings The directors of ABC Co. want to declare a dividend where ordinary shareholders will receive P4/share dividend. IF the. preference shares are participating up to 10%, what is the total dividends that must be declared to meet the per share goal?
12. ABC Co. reported the following shareholders' equity at year end: 7% Preference share, 25,000 shares Ordinary share capital, P25 par P2,500,000 6,250,000 1,250,000 5,000,000 Share Premium Retained Earnings The directors of ABC Co. want to declare a dividend where ordinary shareholders will receive P4/share dividend. IF the. preference shares are participating up to 10%, what is the total dividends that must be declared to meet the per share goal?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Topic Video
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a. P1,000,000
b. P1,175,000
c. P1,250,000
d. P1,700,000
e. answer not given
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