Vinter Company paid dividends of P250,000 and P350,000 at the nd of 2014 and 2015, respectively. the corporation has not paid ny other dividends since its organization on January 2, 2013. The utstanding shares are 20,000 12% preferred shares, P100 par nd 30,000 ordinary shares P10 par. the preferred share is non-cumulative, how much cash dividends ould ordinary shares receive in 2014?
Vinter Company paid dividends of P250,000 and P350,000 at the nd of 2014 and 2015, respectively. the corporation has not paid ny other dividends since its organization on January 2, 2013. The utstanding shares are 20,000 12% preferred shares, P100 par nd 30,000 ordinary shares P10 par. the preferred share is non-cumulative, how much cash dividends ould ordinary shares receive in 2014?
Financial Accounting
14th Edition
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter13: Corporations: Organization, Stock Transactions, And Dividends
Section: Chapter Questions
Problem 4CP
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Please do not provide answer in image formate thank you.
![Winter Company paid dividends of P250,000 and P350,000 at the
end of 2014 and 2015, respectively. the corporation has not paid
any other dividends since its organization on January 2, 2013. The
outstanding shares are 20,000 12% preferred shares, P100 par
and 30,000 ordinary shares P10 par.
If the preferred share is non-cumulative, how much cash dividends
would ordinary shares receive in 2014?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4cb3c828-ca20-4bb8-af7b-84ab44bada2d%2F40123ba9-43ef-4861-b2cf-0a20ad43501f%2Fpakhndy_processed.png&w=3840&q=75)
Transcribed Image Text:Winter Company paid dividends of P250,000 and P350,000 at the
end of 2014 and 2015, respectively. the corporation has not paid
any other dividends since its organization on January 2, 2013. The
outstanding shares are 20,000 12% preferred shares, P100 par
and 30,000 ordinary shares P10 par.
If the preferred share is non-cumulative, how much cash dividends
would ordinary shares receive in 2014?
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