The board of directors of KALEIDOSCOPE Corporation has declared cash dividends of ₱30,000 to its outstanding shares. The outstanding share capital of KALEIDOSCOPE Corporation consists of 3,000 shares of ₱60 par value, 6% preference share capital and 6,500 shares of ₱15 par value ordinary share capital. Dividends are in arrears for two years. Requirements: A. Compute for the total amount of dividend given the individual assumptions allocated for: Ordinary shares: f. Preference share capital is noncumulative and nonparticipating g. Preference share capital is noncumulative and participating h. Preference share capital is cumulative and nonparticipating
The board of directors of KALEIDOSCOPE Corporation has declared cash dividends of ₱30,000 to its outstanding shares. The outstanding share capital of KALEIDOSCOPE Corporation consists of 3,000 shares of ₱60 par value, 6%
Requirements: A. Compute for the total amount of dividend given the individual assumptions allocated for:
Ordinary shares:
f. Preference share capital is noncumulative and nonparticipating
g. Preference share capital is noncumulative and participating
h. Preference share capital is cumulative and nonparticipating
i. Preference share capital is cumulative and participating
j. Preference share capital is cumulative and participating up to 8%
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