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?
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?
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
Chapter15: Contributed Capital
Section: Chapter Questions
Problem 16E: Contributed Capital Adams Companys records provide the following information on December 31, 2019:...
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NEED ASAP. Solve correctly and show your computations.
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
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?
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