Presented below are balances taken from therecords of Armor Corporation for 2020:8% Preference Share Capital, 80 par = 2,000,000Subscribed Preference Share Capital = P350,000Subscriptions Receivable-Preference = 120,000Ordinary Share Capital, 30 par = $1,500,000Subscribed Ordinary Share Capital = P660,000Subscriptions Receivable-Ordinary = 245,000Accumulated Profits-Free = $3,250,000Treasury Shares-Preference (at cost: #85) =#201,875Assume preference shares are cumulative andparticipating. The last dividend declaration was in2017. During the year, Armor declared cashdividends amounting to $820,000. How much is thecash dividend per ordinary share? Round off youranswer to two decimal places.

Here provide the details of the amount of dividend which are paid to the ordinary shares after…

Presented below are balances taken from the records of Armor Corporation for 2020: 8% Preference Share Capital, P80 par = P2,000,000 Subscribed Preference Share Capital = P350,000 Subscriptions Receivable-Preference = 120,000 Ordinary Share Capital, P30 par = P1,500,000 Subscribed Ordinary Share Capital = 660,000 Subscriptions Receivable-Ordinary = 245,000

Presented below are balances taken from the records of Armor Corporation for 2020: 8% Preference Share Capital, P80 par = P2,000,000 Subscribed Preference Share Capital = P350,000 Subscriptions Receivable-Preference = 120,000 Ordinary Share Capital, P30 par = P1,500,000 Subscribed Ordinary Share Capital = 660,000 Subscriptions Receivable-Ordinary = 245,000

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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