37.The shareholders’ equity of Nicko Corporation is presented below: 10% Preference Share, 2,000 shares outstanding P200,000 Ordinary Shares, 5,000 shares outstanding 100,000 100,000 Preference share premium 20,000 Ordinary share premium 25,000 Retained Earnings 45,000 Dividend declared for the year P100,000 What is the amount of dividend recieved by Ordinary Share if Preference Share is Non Cummultaive and Non Participating ?
37.The shareholders’ equity of Nicko Corporation is presented below: 10% Preference Share, 2,000 shares outstanding P200,000 Ordinary Shares, 5,000 shares outstanding 100,000 100,000 Preference share premium 20,000 Ordinary share premium 25,000 Retained Earnings 45,000 Dividend declared for the year P100,000 What is the amount of dividend recieved by Ordinary Share if Preference Share is Non Cummultaive and Non Participating ?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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37.The shareholders’ equity of Nicko Corporation is presented below:
10%
Ordinary Shares, 5,000 shares outstanding 100,000
100,000
Preference share premium 20,000
Ordinary share premium 25,000
Dividend declared for the year P100,000
What is the amount of dividend recieved by Ordinary Share if Preference Share is Non Cummultaive and Non Participating ?
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