HZ 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. How much is the dividend per share of preference share? O P12 O P9 O P8 O P7

HZ 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. How much is the dividend per share of preference share? O P12 O P9 O P8 O P7

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 79E: Ratio Analysis MJO Inc. has the following stockholders equity section of the balance sheet: On the...

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Ratio Analysis MJO Inc. has the following stockholders equity section of the balance sheet: On the balance sheet date, MJOs stock was selling for S25 per share. Required: Assuming MJOs dividend yield is 1%, what are the dividends per common share? Assuming MJOs dividend yield is 1% and its dividend payout is 20%, what is MJOs net income?
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. A. How much is the total dividends of ordinary shareholders? O P12,000 O P16,000 O P6,000 O P10,000 B. How much is the total dividends of preference shareholders? O P18,000 O P16,000 O P14,000 O P24,000
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. A. How much is the regular dividends of preference shareholders? O P12,000 O P16,000 O P6,000 O P10,000 B. How much is the regular dividends of ordinary shareholders? O P12,000 O P16,000 O P6,000 O P10,000
he Net Profit of ABC company for the year 2019 was OMR 11,400. The company issued 40,000 6% preference shares of OMR 1 each. What will be the Net Profit after distributing preference dividend? a. OMR 0 b. OMR 9,000 c. OMR 10,000 d. OMR 13,800\
1. On December 31, 2021 and 2020, Go Company had 100,000 ordinary shares and 10,000 cumulative preference shares of 6%, P100 par value. No dividends were declared on either the preference or ordinary share in 2021 or 2020. Net income for the current year was P800,000. What amount should be reported as basic earnings per share? a. 7.40 b. 8.50 c. 7.50 d. 7.90 2. JAX Company had 200,000 ordinary shares of P20 par value and 20,000 shares of P100 par, 6% cumulative, convertible preference share capital outstanding for the entire year ended December 31, 2021. Each preference share is convertible into 4 ordinary shares. The net income for 2021 was P840,000. What amount should be reported as diluted earnings per share? a. 2.80 b. 1.90 c. 3.00 d. 3.20 3. Laura Company carried a provision of P2,000,000 in the draft financial statements on December 31, 2021 in relation to an unresolved court case. On January 31, 2022, when the financial statements on December 31, 2021 had not yet been authorized…
Dividends per share (PS is non cumulative, non participating, Supply the answer. Round off answer to 2 decimal places. 2021 The Shareholders' Equity section of ABC Corp shows the following for years 2020 and 5% Preference Share, P25 par Ordinary shares, P10 P93,500 37,500 Dividends declared for2020 amounted P4,000 and P7,000 on 2021. Give the dividend share for ordinary shares on 2021. (format P1.23)
Direction: Choose the correct answer.
Cabuslay Company showed the following shareholders’ equity on December 31, 2021: Ordinary share capital, P100 par 2,000,000 Preference share capital, 8% P50 par, cumulative and participating 2,500,000 Preference share capital, 10% P50 par, noncumulative and participating 1,500,000 Retained earnings 270,000 Dividends are in arrears for two years, and preference share has preference as to assets.Compute the Book value per ordinary share
COMPUTE FOR YOUR BASIC EARNING PER SHARE * BASIC EARNINGS PER SHARE Entity A had 50, 000, P15 PAR, 10% cumulative preference shares outstanding all throughout 2021. Entity a reortea a profit after tax P 1, 250, 000for the year ended December 31, 2021. The movements in the number of shares are as follows: 1/1/2021 Ordinary shrres outstanding 3/1/2021 Share issued for cash 6/30/2021 Subscribed shares 9/30/2021 Reacquisition of treasury shares . 180, 000 50, 000 20, 000 (12 000) 238, 000
PPP Company provided the following shareholders’ equity on December 31, 2020: Preference share capital, 12% P100 par 1,000,000 Ordinary share capital, P100 par 4,000,000 Share premium 2,000,000 Retained earnings 1,000,000 Dividends have been paid on the preference share up to December 31, 2018. Questions: 1. Assuming that the preference share is noncumulative and nonparticipating, compute for the book value per ordinary share. 2. Assuming that the preference share is noncumulative and nonparticipating, compute for the book value per preference share.
PPP Company provided the following shareholders’ equity on December 31, 2020: Preference share capital, 12% P100 par 1,000,000 Ordinary share capital, P100 par 4,000,000 Share premium 2,000,000 Retained earnings 1,000,000 Dividends have been paid on the preference share up to December 31, 2018. Questions: 1. Assuming that the preference share is cumulative and participating up to 16%, compute for the book value per ordinary share. 2. Assuming that the preference share is cumulative and participating up to 16%, compute for the book value per preference share.
Use 2 decimal places for the Book Value per share.