ABC Co. has authorized share capital of 10,000 8% participatingpreference shares with P100 par value and 100,000 ordinary shareswith P10 par value. ABC Co. reported this on December 31,2020:Preference share capitalOrdinary share capitalShare premiumRetained EarningsTreasury ordinary shares - 1,000 at costShareholders' equityP500,000900,00090,000138,000(20,000)P1,608,000Dividends on preference shares are in arrears for the current year. IfABC Co. is liquidated, how much would be received by Mr. Chris Pin whoholds 20,000 voting shares?

The stockholders' equity section of a balance sheet represents the total contribution of the owners.…

Answered: Dividends on preference shares are in…

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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During the four quarters for 2020, the Browns received two quarterly dividend payments of $0.34, one quarterly payment of $0.40. and one quarterly payment of $0.43. If they owned 500 shares of stock, what was their total dividend income for 2020? (Do not round intermediate calculations.) Total dividend income
What impact does Target's dividendend annoucement have on it's balance sheet? Target Corporation (NYSE:TGT) recently made a dividend annoucement.The announcement read:The board of directors of Target Coporation has declared a quarterly of 90 cents per common share. The dividend is payable December 10, 2021 to shareholders of record at the close of bussiness November 17, 2021. The 4th quater dividend will be the company's 217th consecutive dividend paid since October 1967 when the company became publicly held. Questions: 1. On which date will Target record a liability for the dividend? 2.On which date will Target pay the cash dividend? 3.On the date of declaration,what will the impact (increase,decrease,noeffect) on Target's:a)assets: b)liabilities; and c)stockholders' equity? 4. On the date of payement, what will be the impact (incease,decrease,no effect)on Target's:a)assets:b)liabilities: and c0 stockholdes" equity?
Verizon is scheduled to payout a dividends. The details are below. If I own 100 shares, how much will I receive in dividends. 01/07/2021 CASH $0.627

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Dividends on preference shares are in arrears for the current year. If ABC Co. is liquidated, how much would be received by Mr. Chris Pin who holds 20,000 voting shares?