The shareholders' equity section of the balance sheet of CSB2 Corporation showed the following information: 10% Preference Share Capital, P100 par value, P1,000,000; Ordinary Share Capital, P50 par value, P1,000,000; and Retained Earnings, P2,500,000 CSB2 Corporation has not declared dividends only for last year. If the preference shares are cumulative and fully participating, what amount of dividend will a shareholder who owns 2,500 preference shares receive out of P1,000,000 cash dividends declared by CSB2 Corporation?

Answer rating: 100% (QA)

To calculate the amount of dividend a shareholder who owns 2500 preference shares will receive out o... View the full answer