CORP. declared P1,800,000 cash dividends to its preference and ordinary shareholders out of its profits...
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CORP. declared P1,800,000 cash dividends to its preference and ordinary shareholders out of its profits in 2018. No dividends have been declared since 2015. FIVE's shareholders' equity before dividend declarations is as follows:10% Preference share capital, P200 par 2,000,000 Ordinary share capital, P100 par 8,000,000 Retained earnings 5,000,000 Total 15,000,000.If preference shares are cumulative and fully participating, how much is the amount of dividends to be received by ordinary shareholders?
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