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ORANGE Corporation has outstanding 20,000 shares of 8% preference shares with a ₱10 par value and 100,000 shares of ₱3 par value ordinary shares. Dividends have been paid every year except last year and the current year. If ₱80,000 is distributed, how much will the ordinary shareholders receive? Choices: ₱ 80,000 ₱ 64,000

ORANGE Corporation has outstanding 20,000 shares of 8% preference shares with a ₱10 par value and 100,000 shares of ₱3 par value ordinary shares. Dividends have been paid every year except last year and the current year. If ₱80,000 is distributed, how much will the ordinary shareholders receive? Choices: ₱ 80,000 ₱ 64,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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ORANGE Corporation has outstanding 20,000 shares of 8% preference
shares with a ₱10 par value and 100,000 shares of ₱3 par value ordinary
shares. Dividends have been paid every year except last year and the
current year. If ₱80,000 is distributed, how much will the ordinary
shareholders receive?

Choices:

₱ 80,000
₱ 64,000
₱ 0
₱ 48,000

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