Amelia Corp.'s shareholders' equity accounts at Dec. 31,2020 were as follows: Ordinary Share Capital, P20 par......

 

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Amelia Corp.'s shareholders' equity accounts at Dec. 31,2020 were as follows: Ordinary Share Capital, P20 par... Share Premium.......... Retained Earnings.... ..P8,000,000 ..2,400,000 ..1,275,000 All ordinary shares outstanding at Dec. 31,2020 were issued in 2020 for P26 a share. On Jan. 4,2021, Amelia reacquired 20,000 of its ordinary shares at P30 a share and retired them. Immediately after the shares were retired, the balance of Retained Earnings was? The shareholders' equity of High Company included P3,000,000 of P10 par ordinary share capital and P6,000,000 of 6% P50 par cumulative preference share capital. The board of directors declared cash dividends of P900,000 in 2019 after paying P300,000 cash dividends in 2018 and 500,000 in 2017. What amount of cash dividends was received by preference shareholders in 2019? Amelia Corp.'s shareholders' equity accounts at Dec. 31,2020 were as follows: Ordinary Share Capital, P20 par... Share Premium.......... Retained Earnings.... ..P8,000,000 ..2,400,000 ..1,275,000 All ordinary shares outstanding at Dec. 31,2020 were issued in 2020 for P26 a share. On Jan. 4,2021, Amelia reacquired 20,000 of its ordinary shares at P30 a share and retired them. Immediately after the shares were retired, the balance of Retained Earnings was? The shareholders' equity of High Company included P3,000,000 of P10 par ordinary share capital and P6,000,000 of 6% P50 par cumulative preference share capital. The board of directors declared cash dividends of P900,000 in 2019 after paying P300,000 cash dividends in 2018 and 500,000 in 2017. What amount of cash dividends was received by preference shareholders in 2019?

Answer rating: 100% (QA)

1 Calculation of the cost of repurchasing and retiring shares Number of shares repurchased 20000 Cos... View the full answer