The H2 Corp has the following classes of share capital outstanding as of Dec 31, 2021. Ordinary share capital, P20 par value 20,000 shares outstanding Preference share capital, 5% P100 par value, cumulative and partially participating 4%, 2,000 shares outstanding No dividends

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 8MC: Hyde Corporations capital structure at December 31, 2018, was as follows: On July 2, 2019, Hyde...
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The H2 Corp has the following classes of
share capital outstanding as of Dec 31,
2021. Ordinary share capital, P20 par value,
20,000 shares outstanding Preference
share capital, 5% P100 par value,
cumulative and partially participating 4%,
2,000 shares outstanding No dividends
were paid on Preference shares for two
years. On Dec 31, 2021 a total Cash
dividend of P180,000 was declared. How
much dividends will be received by the
preference shares holders?
A.73,333
B.38,222
C.38,000
D.120,000
Transcribed Image Text:The H2 Corp has the following classes of share capital outstanding as of Dec 31, 2021. Ordinary share capital, P20 par value, 20,000 shares outstanding Preference share capital, 5% P100 par value, cumulative and partially participating 4%, 2,000 shares outstanding No dividends were paid on Preference shares for two years. On Dec 31, 2021 a total Cash dividend of P180,000 was declared. How much dividends will be received by the preference shares holders? A.73,333 B.38,222 C.38,000 D.120,000
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