4. Bennett Company paid cash dividends totaling P150,000 in2000 and P75,000 in 2001. In 2002, Bennett intends to pay cashdividends of P800,000.payment(Adapted)6. Uponauthori:Requirements: Compute the amount of cash dividends per share tobe received by common stockholders in 2002 under each of thefollowing assumptions. Treat each case independently. Therewere no dividends in arrears as of January 1, 2000.multiplat P65stock ashares Shareholders' Equity (Part 2)6131) 25,000 shares of common; 100,000 shares of 6 percent, P50 parcumulative preferred.2) 25,000 shares of common; 50,000 shares of 6 percent, P50 parnoncumulative preferred.3) 25,000 shares of common; 70,000 shares of 6 percent, P100 parcumulative preferred.(Adapted)

Amount of divided intended to pay = 800,000 First divided will be paid to cumulative preferred stock…

4. Bennett Company 2000 and P75,000 in 2001. In 2002, Bennett intends to pay ca dividends of P800,000. Requirements: Compute the amount of cash dividends be received by common stockholders in 2002 under each of following assumptions. Treat each case independently. Th were no dividends in arrears as of January 1, 2000. per share

4. Bennett Company 2000 and P75,000 in 2001. In 2002, Bennett intends to pay ca dividends of P800,000. Requirements: Compute the amount of cash dividends be received by common stockholders in 2002 under each of following assumptions. Treat each case independently. Th were no dividends in arrears as of January 1, 2000. per share

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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