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How much are the dividends per share on preference share

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Question - As of Dec. 31, 2020, CC Corporation has 10% Preference shares (cumulative and participating) with outstanding shares of 6,000, P100 par; Ordinary shares of 10,000 with P40 par value and retained earnings of P800,000. Dividends were in arrears for 2 years. Dividends declared for 2020 amounted to P400,000. How much are the dividends per share on Preference share at the end of 2020?

a. P11.20

b. P25

c. P48

d. P66.67

Reference no: EM133028093

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