7.Kimberly's outstanding share capital at December 31, 2020 comprised the following:• 45,000 shares of 10% cumulative preference share capital, 5% participating par value of P10 per share• 300,000 shares of ordinary share capital, par value of P1 per share.On December 31, 2020, TLW Co. declared dividends of P150,000. What is the amount of dividends payable to the company's ordinary shareholders?A. P30,000B. PS2. 500C. P71.250D. P82.5008.ECE Corporation had the following shareholder's accounts before the declaration of dividend.Ordinary share capital, P5 par (authorized, S00,000 shares) 1,500,000Share premium 1,560,000Retained earnings 1,210,000Market value of the ordinary share on this date is P40 per share. The company declared and distributed 10% share dividend. How much is the shiarepremium after isuance of bonus shares?A. 3,240,000B. 2,340,000C 3,915,000D. 3,024,000 9.Guimba Corporation has the following data on stock issued and outstanding on December 31, 2020:10% Preference share, P10 par 450,000Ordinary share capital, P10 par 300,000Retained earnings 450,000Dividends were in arrears for 2 years, excluding the current year. The Board of Directors declared P300,000 cash dividends, Assume that the preferredshare is non-cumulative and participating. The ordinary dividend per share is?A. 1B. 4C. 3D. 2

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7. Kimberly's outstanding share capital at December 31, 2020 comprised the following: • 45,000 shares ofr 10% cumulative preference share capital, 5% participating par value of P10 per share • 300,000 shares of ordinary share capital, par value of P1 per share. On December 31, 2020, TLW Co. declared dividends of P150,000. What is the amount of dividends payable to the company's ordinary shareholders? A. P30.000 a. P52.500 C P71.250 D. P82.500

7. Kimberly's outstanding share capital at December 31, 2020 comprised the following: • 45,000 shares ofr 10% cumulative preference share capital, 5% participating par value of P10 per share • 300,000 shares of ordinary share capital, par value of P1 per share. On December 31, 2020, TLW Co. declared dividends of P150,000. What is the amount of dividends payable to the company's ordinary shareholders? A. P30.000 a. P52.500 C P71.250 D. P82.500

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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