The Jardiolin Corporation had the following shares outstanding from 2017 through 2020: Preference Shares, P50 par,...
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The Jardiolin Corporation had the following shares outstanding from 2017 through 2020: Preference Shares, P50 par, 8% cumulative, 10,000 shares authorized, issued and outstanding Ordinary Shares, P5 par, 200,000 shares authorized, issued and outstanding The corporation paid P30,000, P30,000, P94,000, and P130,000 in dividends during 2017, 2018, 2019 and 2020, respectively. Required: 1. Determine the dividend per share and the total dividends paid to ordinary shareholders and preference shareholders in 2017, 2018, 2019 and 2020. 2. Perform the same computations, with the assumption that the preference share was noncumulative. The Jardiolin Corporation had the following shares outstanding from 2017 through 2020: Preference Shares, P50 par, 8% cumulative, 10,000 shares authorized, issued and outstanding Ordinary Shares, P5 par, 200,000 shares authorized, issued and outstanding The corporation paid P30,000, P30,000, P94,000, and P130,000 in dividends during 2017, 2018, 2019 and 2020, respectively. Required: 1. Determine the dividend per share and the total dividends paid to ordinary shareholders and preference shareholders in 2017, 2018, 2019 and 2020. 2. Perform the same computations, with the assumption that the preference share was noncumulative.
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1 Dividends with Cumulative Preference Shares 2017 Dividend per share for ordinary shares P30000 200000 P015 Dividend per share for preference shares ... View the full answer
Related Book For
Intermediate Accounting Volume 2
ISBN: 9781119497042
12th Canadian Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
Posted Date:
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