A corporation has 8,000 shares of 9% non-cumulative preference shares outstanding with P 200 par...
60.1K
Verified Solution
Link Copied!
Question
Accounting
A corporation has 8,000 shares of 9% non-cumulative preference shares outstanding with P 200 par value and 24,000 ordinary shares outstanding with P 80 par value. At the end of the year, dividends of P 360,000 were declared; How much dividends were paid to preference and ordinary shareholders?
a. P 180,000 and P 180,000
b. P 128,000 and P 232,000
c. P 144,000 and P 216,000
d. None of the Above
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
