La Copy Paste % Calculation Ched B IU. [ Q. A E Merge & Center . 508 Conditional Format as Neutral Format Painter Formatting * Table Clipboard Font Alignment Number Styles D22 A B C D E 1 ASSIGNMENT SHOULD BE HANDWRITTEN The shareholders' equity section of XYZ Corporation as of December 31, 2021. 10% Preference Share Capital, P200 par, authorized 15,000 shares, issued 10,000 P2,000,000 UI D W N Ordinary Share Capital, P100 par, authorized 10,000 shares, 7000 shares issued of which 500 are in treasury 700,000 Ordinary Share premium 50,000 Treasury shares (500 at cost) 60,000 Retained Earnings Appropriated for Treasury Shares 60,000 Unappropriated Treasury Shares 1,500,000 10 11 No dividend has been declared since January 1, 2020. Compute for the dividends to be distributed to the preference and ordinary shareholders based on the following 12 independent situations upon declaration on January 2, 2022. a. Cash dividend declared was P250,000. The preference share is non-cumulative and non- 13 participating. b. Cash dividend declared was P700,000. The preference share is cumulative and non- 14 participating. c. Cash dividend declared was P350,000. The preference share is non-cumulative and 15 fully participating d. Cash dividend declared was P1,000,000. The preference share is cumulative and fully 16 participating. e. Cash dividend declared was P350,000. The preference share is non cumulative and 17 participating up to 12%. 18 19 A. The preference share is non-cumulative and non-participating Preference Shares Ordinary Shares 20 PSC P P4:50 PM Fri Apr 8 45% SOLUTION+TO+EXERCISES+-+PSC+DIV%2C+BVPS+%26+EPS copy Q Home Insert Draw Formulas Data Review View Arial 12 B I U S aA v fx The preference share is non-cumulative participating only up to 15% A B C D 3 etained Earnings 5,500,000 he Board of Directors declared P900,000 dividends. re was no de oration last year Direction man dividends the preference and ordinary shareholders will receive given the following independent situations: a. The preference share is non-cumulative and non-participating c. The preference share is non-cumulative but participating CO d. The preference share is both cumulative and participating e. The preference share is non-cumulative and participating only up to 15% 11 A. The preference share is non-cumulative and non-particPreference Shares Ordinary Shares Total 12 PSC(12% X P3,000,000) 360,000 360,000 13 540,000 540 000 Total 360,000 540,000 P900,00 15 per share P12 per share P27 per share 16 (P360,000/30,000sH (P540,000/20000sh 17 18 B. The preference share is cumulative and non-participati Preference Shares Ordinary Shares Total 19 PSC -Dividends in arrears (12% x P3,000,000 x 1 year 360,000 20 PSC -Current year's dividends (12% x P3,000,000 360,000 720,000 21 OSC 180,000 180,000 22 Total 720,000 180,000 P900,000 23 Dividend per share P24 per share P9 per share 24 (P720000/30000sh) (P180,000/20000sh) 25 26 C. The preference share is non-cumulative but fully part Preference Shares Ordinary Shares Total 27 PSC (12% x P3000,000) 360,000 360,000 28 OSC(12% X P1,000,000) 120,000 120,000 29 315,000 105,000 420,000 30 Tota 675,000 225,000 P900,000 31 Dividend per share P22.50 per share P11.25 per share 32 (P675.000/30000sh (P225,000/20,000sh) 33 PSC P3,000,000 + OSC P1,000,000 = P4,000,000 34 PSC 3/4 X P420,000 = 315,000 35 OSC 1/4 x P420,000 = P105,000 36 37 D. The preference share is both cumulative and participa Preference Shares Ordinary Shares Total 38 PSC-Dividends in arrears (12% x P3,000,000 x 1 year 360,000 39 PSC-Current year (12% x P3000,000) 360,000 720,000 40 OSC-(12% X P1,000,000) 120,000 120,000 45,000 15,000 60,000 42 Total P765,000 P135,000 P900,000 43 Dividend per share P25.50 per share P6.75 per share 44 Full participation rate: P60,000/P4,000,000 = 15% or .15 (P765000/30000sh) (135,000/20000sh) 45 PSC : 15% x P3,000,000 = P45,000 AC EXERCISES - PREF... EXER EPS & BVPS ASSIGN.-PREFERE