ity Company wish to declare a dividend whereby ordinary shareholders are to receive a total per share dividend of P6. The entity provided the following shareholders’ equity at year-end: Preference share capital, P100 par, 9% participating up to 12%, noncumulative,100,000 shares authorized, 30,000 shares issued 3,000,000 Ordinary share capital, P25 par, 200,000 shares authorized and issued 5,000,000 Share premium 1,050,000 Retained earnings 4,300,000 What is the total amount of the dividend that must be declared to meet the per share goal of the board of directors?
ity Company wish to declare a dividend whereby ordinary shareholders are to receive a total per share dividend of P6. The entity provided the following shareholders’ equity at year-end:
Ordinary share capital, P25 par, 200,000 shares authorized and issued 5,000,000
Share premium 1,050,000
What is the total amount of the dividend that must be declared to meet the per share goal of the board of directors?
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