Marie Company had outstanding 50,000 8% preferred shares with a par value of P100 and 125,000 common
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Marie Company had outstanding 50,000 8% preferred shares with a par value of P100 and 125,000 common shares with a par value of P30. Dividends have been paid each year and the current year. Preference shares are cumulative and non-participating. The entity distributed $2,500,000 as a dividend this year.
What is the dividend payable to ordinary shareholders?
Related Book For
Financial and Managerial Accounting Using Excel for Success
ISBN: 978-1111993979
1st edition
Authors: James Reeve, Carl S. Warren, Jonathan Duchac
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