2.Assurne the folowing information for Jewong Co, at December 31, 2020.12% Cumulative and Non-participating Preference Share, P10 par, 15.000 shares asued andoutstandingOrdinary Share, P5 par, 60,000 shares istued and outstanding.The company declared and paid cash dividends amounting to P30,000 for the vear. At the beginning of the year, uindectared dividends amounted toP13,500,what ie the amount of dividends paid to the company's ordinary sharehoiders?A.OB. 6,000C. 13,500D. 30,0003.Chadwick Inc. declared 15% share dividend on its 15,000 iesued and outstanding shares of P1n par value ordinary share, which had a fair market valueof PS per share before the share dividend was distributed 90 days after the declaration date. The company's current labilites wil increase by howmuch?A POP8. 2,250C P11,250D. P22,500

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what the amount of dividends paid to the company's ordinary shareholders

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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Question

2.
Assurne the folowing information for Jewong Co, at December 31, 2020.
12% Cumulative and Non-participating Preference Share, P10 par, 15.000 shares asued and
outstanding
Ordinary Share, P5 par, 60,000 shares istued and outstanding.
The company declared and paid cash dividends amounting to P30,000 for the vear. At the beginning of the year, uindectared dividends amounted to
P13,500,
what ie the amount of dividends paid to the company's ordinary sharehoiders?
A.O
B. 6,000
C. 13,500
D. 30,000
3.
Chadwick Inc. declared 15% share dividend on its 15,000 iesued and outstanding shares of P1n par value ordinary share, which had a fair market value
of PS per share before the share dividend was distributed 90 days after the declaration date. The company's current labilites wil increase by how
much?
A POP
8. 2,250
C P11,250
D. P22,500

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