Lala Corporation had 50,000 ordinary shares of P 100 par value and 25,000 preference shares...
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Accounting
Lala Corporation had 50,000 ordinary shares of P 100 par value and 25,000 preference shares of P 100 par value, 5% cumulative and participating up to 4%. Dividends on the preference shares are two years in arrears before the current year. The entity distributed P 1,350,000 as dividends in the current year.What is the dividend payable to the ordinary shareholders?
Group of answer choices
a. P 475,000
b. P 875,000
c. P 250,000
d. P 125,000
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