Please answer asap! UPVOTE will be given! No long explanation needed. ERGO Corp. maintains the following equity balances throughout the years 2020 and 2021: 10% Preference Share Capital (20,000 shares issued and outstanding): ₱4,000,000 Ordinary Share Capital (60,000 shares issued and outstanding): ₱6,000,000 Preference shares are non-cumulative but fully participating. The company did not declare cash dividends during
Please answer asap! UPVOTE will be given! No long explanation needed. ERGO Corp. maintains the following equity balances throughout the years 2020 and 2021: 10% Preference Share Capital (20,000 shares issued and outstanding): ₱4,000,000 Ordinary Share Capital (60,000 shares issued and outstanding): ₱6,000,000 Preference shares are non-cumulative but fully participating. The company did not declare cash dividends during
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please answer asap! UPVOTE will be given! No long explanation needed.
ERGO Corp. maintains the following equity balances throughout the years 2020 and 2021:
- 10%
Preference Share Capital (20,000 shares issued and outstanding): ₱4,000,000 - Ordinary Share Capital (60,000 shares issued and outstanding): ₱6,000,000
Preference shares are non-cumulative but fully participating. The company did not declare cash dividends during 2020. In 2021, the company declared ₱1,232,000 cash dividends. How much is the dividend per share of ordinary shares in 2021? Do not round-off intermediate computations (step calculations) but round-off final answer to nearest centavos (2 decimal places) if the final answer is not a whole number.
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