Heat Corporation’s share capital accounts on December 31, 200C showed the following: 12% Preference Share Capital, par P10, authorized 100,000 shares Issued 40,000 shares P400,000 Ordinary Share Capital, par P30, authorized 100,000 shares, and issued 20,000 shares. 600,000 On this date, the board of directors declared cash dividends of P260,000. No dividends were declared since 200A. Required: Compute the dividends per share for each class of share capital, assuming that the preference share is: a. Non-cumulative and non-participating b. Non-cumulative and fully participating c. Cumulative and non-participating d. Cumulative and fully participating e. Cumulative and participating only up to 15% f. Cumulative and participating only after common gets 20%.
Heat Corporation’s share capital accounts on December 31, 200C showed the following: 12% Preference Share Capital, par P10, authorized 100,000 shares Issued 40,000 shares P400,000 Ordinary Share Capital, par P30, authorized 100,000 shares, and issued 20,000 shares. 600,000 On this date, the board of directors declared cash dividends of P260,000. No dividends were declared since 200A. Required: Compute the dividends per share for each class of share capital, assuming that the preference share is: a. Non-cumulative and non-participating b. Non-cumulative and fully participating c. Cumulative and non-participating d. Cumulative and fully participating e. Cumulative and participating only up to 15% f. Cumulative and participating only after common gets 20%.
Accounting (Text Only)
26th Edition
ISBN:9781285743615
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter15: Investments And Fair Value Accounting
Section: Chapter Questions
Problem 15.4CPP: Selected transactions completed by Equinox Products Inc. during the fiscal year ended December 31,...
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Heat Corporation’s share capital accounts on December 31, 200C showed the following: 12%
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