The directors of Levi Company wish to declare a dividend whereby ordinary sharcholders are to receive a total per share dividend of P4. The equity on December 31, 2020 as follows: Preference share capital, P100 par, 7% participating up to 10% noncumulative, 110,000 shares authorized, 27,500 shares issued P2,750,000 Ordinary share capital, P25 par, 275,000 shares authorized and issued 6,875,000 Share premium Retained camings 1,375,000 5,500,000 What is the total amount of the dividend that must be declared to meet the per share goal of the board of directors?

The directors of Levi Company wish to declare a dividend whereby ordinary sharcholders are to receive a total per share dividend of P4. The equity on December 31, 2020 as follows: Preference share capital, P100 par, 7% participating up to 10% noncumulative, 110,000 shares authorized, 27,500 shares issued P2,750,000 Ordinary share capital, P25 par, 275,000 shares authorized and issued 6,875,000 Share premium Retained camings 1,375,000 5,500,000 What is the total amount of the dividend that must be declared to meet the per share goal of the board of directors?

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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