2. HAWKEYE Corporation has the following shareholders' equity accounts as ofDecember 31, 2021: 6% Preference shares, P10 par - P200,000; Ordinary shares,P10 par - P300,000; Accumulated profits - P80,000. Dividends have not beendeclared for the years 2019 to 2021. The whole amount of the accumulatedprofits of P80,000 was declared gs dividend on December 31, 2021. How muchdividend per share shall an ordinary shareholder have if the preference share iscumulative and participating up to 21%? (Present your answer for this problemin 2 decimal places, example X.XX) *

Solution : Given Face value of equity share 300000 Face value of preference share 200000…

AWREYE Corporation föllöwing shäréhölders' équity accounts as e December 31, 2021: 6% Preference shares, P10 par - P200,000; Ordinary shares P10 par - P300,000; Accumulated profits - P80,000. Dividends have not bee declared for the years 2019 to 2021. The whole amount of the accumulate profits of P80,000 was declared gs dividend on December 31, 2021. How muc dividend per share shall an ordinary shareholder have if the preference share cumulative and participating up to 21%? („Prezent your answer for this probler in 2 decimal places, example X.XX) *

AWREYE Corporation föllöwing shäréhölders' équity accounts as e December 31, 2021: 6% Preference shares, P10 par - P200,000; Ordinary shares P10 par - P300,000; Accumulated profits - P80,000. Dividends have not bee declared for the years 2019 to 2021. The whole amount of the accumulate profits of P80,000 was declared gs dividend on December 31, 2021. How muc dividend per share shall an ordinary shareholder have if the preference share cumulative and participating up to 21%? („Prezent your answer for this probler in 2 decimal places, example X.XX) *

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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