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Compute the amount of cash dividends per share

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Reference no: EM132940842

Problem - Bennett Company paid cash dividends totalling P 150.000 in 2018 and P 75,000 in 2019. In 2020, Bennett intends to pay cash dividends of P 800,000.

Compute the amount of cash dividends per share to be received by ordinary shareholders in 2020. There were no dividends in arrears as of January 1, 2018. There are 25,000 shares of ordinary: 70,000 shares of 6 percent, P 100 par cumulative preferred.

Reference no: EM132940842

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