On December 31, 2021, ABC corporation reported the following: 8% Preference shares, P300 par, 25,000 issued...

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On December 31, 2021, ABC corporation reported the following: 8% Preference shares, P300 par, 25,000 issued and outstanding Ordinary shares, P50 par, 20,000 issued and outstanding Retained earnings P5,000,000 2,000,000 1,500,000 ABC corporation paid P500,000 and P750,000 for at the beginning of 2021 and 2022 respectively. These dividend payments were declared two months prior to payment. There were dividends in arrears at the beginning of 2020 amounting to P50,000. The preference shares are cumulative and partially participating up to an additional 1%. The total dividends per share for the preference shares for 2021 is? On December 31, 2021, ABC corporation reported the following: 8% Preference shares, P300 par, 25,000 issued and outstanding Ordinary shares, P50 par, 20,000 issued and outstanding Retained earnings P5,000,000 2,000,000 1,500,000 ABC corporation paid P500,000 and P750,000 for at the beginning of 2021 and 2022 respectively. These dividend payments were declared two months prior to payment. There were dividends in arrears at the beginning of 2020 amounting to P50,000. The preference shares are cumulative and partially participating up to an additional 1%. The total dividends per share for the preference shares for 2021 is?

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Ans To calculate the total dividends per share for the preference shares for 2021 you need to consid... View the full answer