5. The stockholders' equity accounts of JFT Corporation on December 31, 2019 20% Preference share capital, P10 par, 100,000 shares issued and oustanding Ordinary shares P12 par, 150,000 shares issued and outstanding P 1,000,000 1,800,000 Total P 2,800,000 Additional information: Cash dividends were declared on this date. Dividends were last declared and paid on December 31, 2017. Compute for the total dividends and dividends per share on preference share capital and ordinary share capital under each of the following independent cases: a) The preference share is cumulative and participating and the amount of dividend declared is P250,000. b) The preference share is non-cumulative and participating and the amount of dividend declared is P50,000. c) The preference share is cumulative and non-participating and the amount of dividend declared is P180,000. d) The preference share is cumulative and participating and the amount of dividend declared is P75,000. e) The preference share is non-cumulative and non-participating and the amount of dividend declared is P130,000.
5. The stockholders' equity accounts of JFT Corporation on December 31, 2019 20% Preference share capital, P10 par, 100,000 shares issued and oustanding Ordinary shares P12 par, 150,000 shares issued and outstanding P 1,000,000 1,800,000 Total P 2,800,000 Additional information: Cash dividends were declared on this date. Dividends were last declared and paid on December 31, 2017. Compute for the total dividends and dividends per share on preference share capital and ordinary share capital under each of the following independent cases: a) The preference share is cumulative and participating and the amount of dividend declared is P250,000. b) The preference share is non-cumulative and participating and the amount of dividend declared is P50,000. c) The preference share is cumulative and non-participating and the amount of dividend declared is P180,000. d) The preference share is cumulative and participating and the amount of dividend declared is P75,000. e) The preference share is non-cumulative and non-participating and the amount of dividend declared is P130,000.
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 10MC
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