NEED ASAP. Solve correctly and show your computations. The ABC Corp has the following classes of share capital outstanding as of Dec 31, 2021. Ordinary share capital, P20 par value, 20,000 shares outstanding Preference share capital, 5% P100 par value, non-cumulative and fully participating, 2,000 shares outstanding No dividends were paid on Preference shares for two years. On Dec 31, 2021 a total Cash dividend of P210,000 was declared. How much dividends will be received by the preference shares holders?
NEED ASAP. Solve correctly and show your computations. The ABC Corp has the following classes of share capital outstanding as of Dec 31, 2021. Ordinary share capital, P20 par value, 20,000 shares outstanding Preference share capital, 5% P100 par value, non-cumulative and fully participating, 2,000 shares outstanding No dividends were paid on Preference shares for two years. On Dec 31, 2021 a total Cash dividend of P210,000 was declared. How much dividends will be received by the preference shares holders?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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NEED ASAP. Solve correctly and show your computations.
The ABC Corp has the following classes of share capital outstanding as of Dec 31, 2021.
Ordinary share capital, P20 par value, 20,000 shares outstanding
No dividends were paid on Preference shares for two years. On Dec 31, 2021 a total Cash dividend of P210,000 was declared.
How much dividends will be received by the preference shares holders?
a. 73,333
b. 38,222
c. 38,000
d. 120,000
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