A corporation has 800,000 ordinary shares outstanding, Recently, the corporation bought 100,000 shares of its own stock. At the end of the year, the corporation has P320,000 available to distribute to ordinary shareholders. What are the dividends paid per share? a. P0.40 b. P0.46 c. P2.19 d. P2.50

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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A corporation has 800,000 ordinary shares outstanding, Recently, the corporation bought 100,000 shares of its own stock. At the end of the year, the corporation has P320,000 available to distribute to ordinary shareholders. What are the dividends paid per share?

a. P0.40

b. P0.46

c. P2.19

d. P2.50

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