Red Inc., has the following information: 9% Preference share, 2,000 shares outstanding P220,000; Ordinary share, 6,000 shares outstanding P330,000. Dividends declared for the year was P 85,000. a. Compute for the dividends per share for Ordinary Share Capital if Preference share is non cumulative and participating up to an addition of 5%. b. how much will be the total dividends for the Preference share Capital?
Red Inc., has the following information: 9% Preference share, 2,000 shares outstanding P220,000; Ordinary share, 6,000 shares outstanding P330,000. Dividends declared for the year was P 85,000. a. Compute for the dividends per share for Ordinary Share Capital if Preference share is non cumulative and participating up to an addition of 5%. b. how much will be the total dividends for the Preference share Capital?
Red Inc., has the following information: 9% Preference share, 2,000 shares outstanding P220,000; Ordinary share, 6,000 shares outstanding P330,000. Dividends declared for the year was P 85,000. a. Compute for the dividends per share for Ordinary Share Capital if Preference share is non cumulative and participating up to an addition of 5%. b. how much will be the total dividends for the Preference share Capital?
Red Inc., has the following information: 9% Preference share, 2,000 shares outstanding P220,000; Ordinary share, 6,000 shares outstanding P330,000. Dividends declared for the year was P 85,000.
a. Compute for the dividends per share for Ordinary Share Capital if Preference share is non cumulative and participating up to an addition of 5%.
b. how much will be the total dividends for the Preference share Capital?
Definition Definition Type of stock which is granted priority over dividend distributions as compared to common stockholders. Preferred stocks also do not carry any voting rights. Notably, in a case where a company is going to be liquidated, preferred stockholders have a priority claim on the value of assets of the company as quoted in the balance sheet, as compared to the common stockholders.
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