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GR Company had outstanding 2,000 shares of P100 par value 8% cumulative preference share and 30,000 shares of P5 par value ordinary share on December 31, 2021. On December 2021, dividends in arrears on the preference share were P8,000. Cash dividend declared in 2021 totaled P30,000. Required: Compute for the amount to be received and dividend per share by preferred and ordinary shareholders. 11. How much is the regular dividends of preference shareholders? a. P12,000 b. P16,000 c. P6,000 d. P10,000 12. How much is the regular dividends of ordinary shareholders? a. P12,000 O b. P16,000 O c. P6,000 O d. P10,000

GR Company had outstanding 2,000 shares of P100 par value 8% cumulative preference share and 30,000 shares of P5 par value ordinary share on December 31, 2021. On December 2021, dividends in arrears on the preference share were P8,000. Cash dividend declared in 2021 totaled P30,000. Required: Compute for the amount to be received and dividend per share by preferred and ordinary shareholders. 11. How much is the regular dividends of preference shareholders? a. P12,000 b. P16,000 c. P6,000 d. P10,000 12. How much is the regular dividends of ordinary shareholders? a. P12,000 O b. P16,000 O c. P6,000 O d. P10,000

FINANCIAL ACCOUNTING
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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13. How much is the total dividends of ordinary shareholders? a. P12,000 b. P16,000 c. P6,000 d. P10,000 14. How much is the total dividends of preference shareholders? O a. P18,000 O b. P16,000 O c. P14,000 O d. P24,000 15. How much is the dividend per share of preference share? O a. P12 O b. P9 O c. P8 O d. P7
Transcribed Image Text:13. How much is the total dividends of ordinary shareholders? a. P12,000 b. P16,000 c. P6,000 d. P10,000 14. How much is the total dividends of preference shareholders? O a. P18,000 O b. P16,000 O c. P14,000 O d. P24,000 15. How much is the dividend per share of preference share? O a. P12 O b. P9 O c. P8 O d. P7
GR Company had outstanding 2,000 shares of P100 par value 8% cumulative preference share and 30,000 shares of P5 par value ordinary share on December 31, 2021. On December 2021, dividends in arrears on the preference share were P8,000. Cash dividend declared in 2021 totaled P30,000. Required: Compute for the amount to be received and dividend per share by preferred and ordinary shareholders. 11. How much is the regular dividends of preference shareholders? O a. P12,000 O b. P16,000 O c. P6,000 O d. P10,000 12. How much is the regular dividends of ordinary shareholders? a. P12,000 O b. P16,000 O c. P6,000 O d. P10,000
Transcribed Image Text:GR Company had outstanding 2,000 shares of P100 par value 8% cumulative preference share and 30,000 shares of P5 par value ordinary share on December 31, 2021. On December 2021, dividends in arrears on the preference share were P8,000. Cash dividend declared in 2021 totaled P30,000. Required: Compute for the amount to be received and dividend per share by preferred and ordinary shareholders. 11. How much is the regular dividends of preference shareholders? O a. P12,000 O b. P16,000 O c. P6,000 O d. P10,000 12. How much is the regular dividends of ordinary shareholders? a. P12,000 O b. P16,000 O c. P6,000 O d. P10,000
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