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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?

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?

FINANCIAL ACCOUNTING
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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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?
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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