Please answer it in good accounting form. Thankyou EXERCISES on SHAREHOLDERS' EQUITY – PART 2Problem 1: (Cash Dividends for Two Classes of Shares)The board of directors of KALEIDOSCOPE Corporation has declared cash dividends of P30,000 to itsoutstanding shares. The outstanding share capital of KALEIDOSCOPE Corporation consists of 3,000 sharesof P60 par value, 6% preference share capital and 6,500 shares of P15 par value ordinary share capital.Dividends are in arrears for two years.Requirements:B. Compute for the dividend per share given the individual assumptions allocated for:4. Ordinary sharesp. Preference share capital is noncumulative and nonparticipatingq. Preference share capital is noncumulative and participatingr. Preference share capital is cumulative and nonparticipatings. Preference share capital is cumulative and participatingt. Preference share capital is cumulative and participating up to 8%

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Problem 1: (Cash Dividends for Two Classes of Shares) The board of directors of KALEIDOSCOPE Corporation has declared cash dividends of P30,000 to its outstanding shares. The outstanding share capital of KALEIDOSCOPE Corporation consists of 3,000 shares of P60 par value, 6% preference share capital and 6,500 shares of P15 par value ordinary share capital. Dividends are in arrears for two years.

Problem 1: (Cash Dividends for Two Classes of Shares) The board of directors of KALEIDOSCOPE Corporation has declared cash dividends of P30,000 to its outstanding shares. The outstanding share capital of KALEIDOSCOPE Corporation consists of 3,000 shares of P60 par value, 6% preference share capital and 6,500 shares of P15 par value ordinary share capital. Dividends are in arrears for two years.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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