HAWKEYE Corporation has the following shareholders' equity accounts as of December 31, 2021: 6% Preference shares, ₱10 par - ₱200,000; Ordinary shares, ₱10 par - ₱300,000; Accumulated profits - ₱80,000. Dividends have not been declared for the years 2019 to 2021. The whole amount of the accumulated profits of ₱80,000 was declared as dividend on December 31, 2021. How much dividend per share shall an ordinary shareholder have if the preference share is cumulative and participating up to 21%?
HAWKEYE Corporation has the following shareholders' equity accounts as of December 31, 2021: 6% Preference shares, ₱10 par - ₱200,000; Ordinary shares, ₱10 par - ₱300,000; Accumulated profits - ₱80,000. Dividends have not been declared for the years 2019 to 2021. The whole amount of the accumulated profits of ₱80,000 was declared as dividend on December 31, 2021. How much dividend per share shall an ordinary shareholder have if the preference share is cumulative and participating up to 21%?
HAWKEYE Corporation has the following shareholders' equity accounts as of December 31, 2021: 6% Preference shares, ₱10 par - ₱200,000; Ordinary shares, ₱10 par - ₱300,000; Accumulated profits - ₱80,000. Dividends have not been declared for the years 2019 to 2021. The whole amount of the accumulated profits of ₱80,000 was declared as dividend on December 31, 2021. How much dividend per share shall an ordinary shareholder have if the preference share is cumulative and participating up to 21%?
5.) HAWKEYE Corporation has the following shareholders' equity accounts as of December 31, 2021: 6% Preference shares, ₱10 par - ₱200,000; Ordinary shares, ₱10 par - ₱300,000; Accumulated profits - ₱80,000. Dividends have not been declared for the years 2019 to 2021. The whole amount of the accumulated profits of ₱80,000 was declared as dividend on December 31, 2021. How much dividend per share shall an ordinary shareholder have if the preference share is cumulative and participating up to 21%?
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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