BFAR Corp. maintains the following equity balances throughout the years 2020 and 2021: . 10% Preference Share Capital (20,000 shares issued and outstanding): $4,000,000 . Ordinary Share Capital (60,000 shares issued and outstanding): P6,000,000 Preference shares are non-cumulative but fully participating. The company did not declare cash dividends during 20 company declared P1,215,000 cash dividends. How much is the dividend per share of ordinary shares in 2021? Do ntermediate computations (step calculations) but round-off final answer to nearest centavos (2 decimal places) if the fina whole number.
BFAR Corp. maintains the following equity balances throughout the years 2020 and 2021: . 10% Preference Share Capital (20,000 shares issued and outstanding): $4,000,000 . Ordinary Share Capital (60,000 shares issued and outstanding): P6,000,000 Preference shares are non-cumulative but fully participating. The company did not declare cash dividends during 20 company declared P1,215,000 cash dividends. How much is the dividend per share of ordinary shares in 2021? Do ntermediate computations (step calculations) but round-off final answer to nearest centavos (2 decimal places) if the fina whole number.
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 24E
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