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Compute dividends per share for each class of share capital

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Mac Corporation's share capital accounts on December 31, 200C showed the following: 12% Preference Share Capital, par P100, authorized 10,000 shares, and issued 4,000 shares P400,000

Ordinary Share Capital, par P30, authorized 100,000 shares, and issued 20,000 shares P 600,000 On this date, the Board of Directors declared cash dividends of P260,000. No dividends were declared since 200A.

Problem 1: Compute the dividends per share for each class of share capital assuming that the preference share is:

a. Non-cumulative and non-participating

b. Non-cumulative and fully participating

c. Cumulative and non-participating

d. Cumulative and fully participating

e. Cumulative and participating only up to 15%

f. Cumulative and participating only after common gets 20%

Reference no: EM132765290

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