n Deur Comoration has outstanding 60.000 charas of 506 praferenca haras uith a B50 nar ralua and 300.00
n Deur Comoration has outstanding 60.000 charas of 506 praferenca haras uith a B50 nar ralua and 300.00
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Un Deux Corporation has outstanding 60,000 shares of 5% preference shares with a P50 par value and 300,000
shares of P30 par value ordinary shares. During the year, the company declared and paid a total cash dividend
of P900,000. The corporation did not declare and pay any dividends last year.
Required: For each of the following independent cases, compute the total dividends to be received by each class
of share.
1. The preference share is non-cumulative and non-participating
2. The preference share is cumulative and non-participating
3. The preference share is non-cumulative and participating
4. The preference share is cumulative and participating](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6718d60e-6f09-4642-a5b9-5eafccb735c5%2Fdd3e84b2-383f-4e6b-af3f-994e0c11bc81%2F0skfwue_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Un Deux Corporation has outstanding 60,000 shares of 5% preference shares with a P50 par value and 300,000
shares of P30 par value ordinary shares. During the year, the company declared and paid a total cash dividend
of P900,000. The corporation did not declare and pay any dividends last year.
Required: For each of the following independent cases, compute the total dividends to be received by each class
of share.
1. The preference share is non-cumulative and non-participating
2. The preference share is cumulative and non-participating
3. The preference share is non-cumulative and participating
4. The preference share is cumulative and participating
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