Question: Answer with solution and explanation The shareholder's equity in the statement of financial position on December 31, 2018 showed the following: Preference share capital, 12%
The shareholder's equity in the statement of financial position on December 31, 2018 showed the following: Preference share capital, 12% P100 par, 25,000 shares Ordinary share capita 00 pr, 50,000 shares Share Premium Retained Earnings P2,500,000 5,000,000 600,000 Dividends have been paid on the preference shares up to December 31. 2016 Case 1 Preference share is noncumulative and nonparticipating Case 2 Preference share is cumulative and nonparticipating Case 3 Preference share is cumulative and participating Case 4 Preference share is cumulative and participating up to 16% Case 5 Preference share is cumulative, non-participating with liquidation value of P106 per share. 28. For Case 1, the preference shares will have a dividend and book value per share of A. 600,000; P124 B. 600,000; P156 C. 600,000; P128 D. 300,000; P112 29. For Case 2, the preference shares will have a dividend and book value per share of A. 600,000; P124 B. 600,000; P156 C. 600,000; P128 D. 300,000; P112 30. For Case 3, the preference shares will have a dividend and book value per share of A. 600,000; P124 B. 600,000; P156 C. 600,000: P128 D. 600,000; P130 31. For Case 4, the preference shares will have a dividend and book value per share of A. 600,000; P124 B. 600,000; P156 C. 600,000; P128 D. 600,000; P130 32. For Case 5, the preference shares will have a dividend and book value per share of A. 600,000; P124 B, 600,000; P156 C. 600,000; P128 D. 600,000; P130
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