A company started operations in 2019 with 250,000 P10 par value ordinary shares and 20,000 9% P100 par value preference shares. This capitalization did not change until 2021. The company paid dividends amounting to P150,000, P260,000 and P540,000 at the end of 2019, 2020 and 2021, respectively. If the preference shares were cumulative and non-participating, determine the dividend per ordinary share in 2021. (Round off final answer to 2 decimal places)

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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39. A company started operations in 2019 with 250,000 P10 par value ordinary shares and 20,000 9% P100 par value preference shares. This capitalization did not change until 2021. The company paid dividends amounting to P150,000, P260,000 and P540,000 at the end of 2019, 2020 and 2021, respectively. If the preference shares were cumulative and non-participating, determine the dividend per ordinary share in 2021. (Round off final answer to 2 decimal places)

 
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