At December 31, 2018 and 2019, Eagle Company had outstanding 4,000 shares of P100 par value 12% cumulative, fully participating preference share and 20,000 of Pl0 par value ordinary share. At December 31, 2018, dividends in arrears on the preference share were P24,000. Cash dividend declared in 2019 totaled P108,000.What are the amounts of dividend per share on the preference shares and ordinary shares, respectively? * P20.00 and Pl.40 P20.00 and Pl.80 P18.00 and Pl.40 P18.00 and Pl.80

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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At December 31, 2018 and 2019, Eagle Company had outstanding 4,000 shares of P100 par value 12% cumulative, fully participating preference share and 20,000 of Pl0 par value ordinary share. At December 31, 2018, dividends in arrears on the preference share were P24,000. Cash dividend declared in 2019 totaled P108,000.What are the amounts of dividend per share on the preference shares and ordinary shares, respectively? *

P20.00 and Pl.40

P20.00 and Pl.80

P18.00 and Pl.40

P18.00 and Pl.80

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