NAME: SCORE: SECTION: PROFESSOR: Problem #23 Dividends on Preference and Ordinary Shares Lord Aguilar Corp. plans to declare and distribute a dividend in December 2018. There are 20,000 shares of 7% preference shares, par value P50, and 400,000 outstandine ordinary shares, P1 par value. No dividend was paid in the previous year. Required: Determine the amount of the dividends that should be paid to the preference and ordinary shareholders if the preference shares 1. cumulative and nonparticipating and the total amount that the board of directors has specified for dividends is (a) P100,000, (b) P168,000, (c) P200,000. 2. cumulative and participating and the total amount that the board of directors has specified for dividends is (a) P100,000, (b) P168,000, (c) P200,000.
NAME: SCORE: SECTION: PROFESSOR: Problem #23 Dividends on Preference and Ordinary Shares Lord Aguilar Corp. plans to declare and distribute a dividend in December 2018. There are 20,000 shares of 7% preference shares, par value P50, and 400,000 outstandine ordinary shares, P1 par value. No dividend was paid in the previous year. Required: Determine the amount of the dividends that should be paid to the preference and ordinary shareholders if the preference shares 1. cumulative and nonparticipating and the total amount that the board of directors has specified for dividends is (a) P100,000, (b) P168,000, (c) P200,000. 2. cumulative and participating and the total amount that the board of directors has specified for dividends is (a) P100,000, (b) P168,000, (c) P200,000.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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NAME:
SECTION:
SCORE:
PROFESSOR:
Problem #23
SECTIO
Dividends on Preference and Ordinary Shares
Problen
Dividen
Lord Aguilar Corp. plans to declare and distribute a dividend in December 2018. There
Alt
ordinary shares, P1 par value. No dividend was paid in the previous year.
The pre
Required: Determine the amount of the dividends that should be paid to the
preference and ordinary shareholders if the preference shares
2018 fo
1. cumulative and nonparticipating and the total amount that the board of directors
has specified for dividends is (a) P100,000, (b) P168,000, (c) P200,000.
2. cumulative and participating and the total amount that the board of directors has
specified for dividends is (a) P100,000, (b) P168,000, (c) P200,000.
Calcula
respec
1. Pr-
de
3. Pm
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