The Corporation had the following classes of shares outstanding as of December 31, 2002: Ordinary shares, 20 par value, 20,000 shares outstanding Preference shares, 6 percent, 100 par value, cumulative, 2,000 shares outstanding No dividends were paid on preference shares for 2000 and 2001. On December 31, 2002, a total cash dividend of 200,000 was declared. What amount of dividends is payable to the ordinary shareholders? A. 156,000 B. 167,000 C. 176,000 D. 184,000

The Corporation had the following classes of shares outstanding as of December 31, 2002: Ordinary shares, 20 par value, 20,000 shares outstanding Preference shares, 6 percent, 100 par value, cumulative, 2,000 shares outstanding No dividends were paid on preference shares for 2000 and 2001. On December 31, 2002, a total cash dividend of 200,000 was declared. What amount of dividends is payable to the ordinary shareholders? A. 156,000 B. 167,000 C. 176,000 D. 184,000

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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