The Gradison Corporation had the following classes of share outstanding as of December 31, 2020: Ordinary share, P20 par value, 20,000 shares outstanding Preference share, 6 percent, P100 par value, cumulative, 2,000 shares outstanding No dividends were paid on preference share for 2018 and 2019. On December 31, 2020, a total cash dividend of P200,000 was declared. What are the amounts of dividends payable on both the ordinary and preference share, respectively? O P164,000 and P36,000 O P188,000 and P12,000 O PO and P200,000 O P176,000 and P24,000

The Gradison Corporation had the following classes of share outstanding as of December 31, 2020: Ordinary share, P20 par value, 20,000 shares outstanding Preference share, 6 percent, P100 par value, cumulative, 2,000 shares outstanding No dividends were paid on preference share for 2018 and 2019. On December 31, 2020, a total cash dividend of P200,000 was declared. What are the amounts of dividends payable on both the ordinary and preference share, respectively? O P164,000 and P36,000 O P188,000 and P12,000 O PO and P200,000 O P176,000 and P24,000

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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