Compute for the total amount of dividend given in the individual assumptions allocated for ordinary shares.h. Preference share capital is cumulative and nonparticipatingi. Preference share capital is cumulative and participatingj. Preference share capital is cumulative and participating up to 8% EXERCISES on SHAREHOLDERS' EQUITY – PART 2 -Problem 1: (Cash Dividends for Two Classes of Shares)The board of directors of KALEIDOSCOPE Corporation has declared cash dividends of P30,000 to itsoutstanding shares. The outstanding share capital of KALEIDOSCOPE Corporation consists of 3,000 sharesof P60 par value, 6% preference share capital and 6,500 shares of P15 par value ordinary share capital.Dividends are in arrears for two years.Requirements:A. Compute for the total amount of dividend given the individual assumptions allocated for:2. Ordinary snaresf. Preference share capital is noncumulative and nonparticipatingg. Preference share capital is noncumulative and participatingh. Preference share capital is cumulative and nonparticipatingi. Preference share capital is cumulative and participatingj. Preference share capital is cumulative and participating up to 8%

h. Preference share capital is cumulative and nonparticipating: Details Amount(₱) Total…

Answered: h. Preference share capital is…

h. Preference share capital is cumulative and nonparticipating i. Preference share capital is cumulative and participating j. Preference share capital is cumulative and participating up to 8%

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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Question

Compute for the total amount of dividend given in the individual assumptions allocated for ordinary shares.

h. Preference share capital is cumulative and nonparticipating

i. Preference share capital is cumulative and participating

j. Preference share capital is cumulative and participating up to 8%

EXERCISES on SHAREHOLDERS' EQUITY – PART 2 -
Problem 1: (Cash Dividends for Two Classes of Shares)
The board of directors of KALEIDOSCOPE Corporation has declared cash dividends of P30,000 to its
outstanding shares. The outstanding share capital of KALEIDOSCOPE Corporation consists of 3,000 shares
of P60 par value, 6% preference share capital and 6,500 shares of P15 par value ordinary share capital.
Dividends are in arrears for two years.
Requirements:
A. Compute for the total amount of dividend given the individual assumptions allocated for:
2. Ordinary snares
f. Preference share capital is noncumulative and nonparticipating
g. Preference share capital is noncumulative and participating
h. Preference share capital is cumulative and nonparticipating
i. Preference share capital is cumulative and participating
j. Preference share capital is cumulative and participating up to 8%

Definition Definition Type of stock which is granted priority over dividend distributions as compared to common stockholders. Preferred stocks also do not carry any voting rights. Notably, in a case where a company is going to be liquidated, preferred stockholders have a priority claim on the value of assets of the company as quoted in the balance sheet, as compared to the common stockholders.

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