At December 31, 2019 and 2018, New Corporation had outstanding 4,000 shares of P 100 par 6% cumulative and non participating Preference share capital and 20,000 shares of P10 par value Ordinary Share capital. At December 31, 2018, dividends in arrears on the Preference share were P 12,000. Cash dividends declared in 2019 totaled P 44,000. How much is the total dividend allocated to Ordinary Share Capital? Using data , how much is the dividend per share for the Preference Share Capital?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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At December 31, 2019 and 2018, New Corporation had outstanding 4,000 shares of P 100 par 6% cumulative and non participating Preference share capital and 20,000 shares of P10 par value Ordinary Share capital. At December 31, 2018, dividends in arrears on the Preference share were P 12,000. Cash dividends declared in 2019 totaled P 44,000. How much is the total dividend allocated to Ordinary Share Capital?

Using data , how much is the dividend per share for the Preference Share Capital?

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