XYZ Corp. declared P1,800,000 cash dividends to its preference and ordinary shareholders in 2020. No dividends have been declared since 2018. XYZ's shareholders' equity immediately before the dividend declaration is as follows: 10% Preference share capital, P200 par Ordinary share capital, P100 par Retained earnings Total shareholders' equity 2,000,000 8,000,000 5,000,000 15.000,000 12. If the preference share is non-cumulative and non-participating, how much dividend should be received by ordinary shareholders? 13. If the preference share is cumulative and non-participating, how much dividend should be received by ordinary shareholders?. 14. If the preference share is non-cumulative and participating, how much dividend should be received by preference shareholders?

XYZ Corp. declared P1,800,000 cash dividends to its preference and ordinary shareholders in 2020. No dividends have been declared since 2018. XYZ's shareholders' equity immediately before the dividend declaration is as follows: 10% Preference share capital, P200 par Ordinary share capital, P100 par Retained earnings Total shareholders' equity 2,000,000 8,000,000 5,000,000 15.000,000 12. If the preference share is non-cumulative and non-participating, how much dividend should be received by ordinary shareholders? 13. If the preference share is cumulative and non-participating, how much dividend should be received by ordinary shareholders?. 14. If the preference share is non-cumulative and participating, how much dividend should be received by preference 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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