Crystal Company provided the following shareholders' equity on December 31, 2019: Ordinary share capital, P10 par P50,000,000; Preference share capital, P100 par, 5% cumulative P100,000,000 There were no changes in share capital outstanding since the first year of operations in 2017, The entity paid cash dividends of P3,000,000 in 2017, P4,000,000 in 2018 and P12,000,000 in 2019. What amount was received as cash dividends by ordinary shareholders in 2019? Select the correct response O 5,000,000 O 4,000,000 O 6,000,000 O 7,000,000

Crystal Company provided the following shareholders' equity on December 31, 2019: Ordinary share capital, P10 par P50,000,000; Preference share capital, P100 par, 5% cumulative P100,000,000 There were no changes in share capital outstanding since the first year of operations in 2017, The entity paid cash dividends of P3,000,000 in 2017, P4,000,000 in 2018 and P12,000,000 in 2019. What amount was received as cash dividends by ordinary shareholders in 2019? Select the correct response O 5,000,000 O 4,000,000 O 6,000,000 O 7,000,000

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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