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How much dividends is payable to ordinary shareholders

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Question - ABC Company has outstanding 50.000 8% preference shares with P100 par value and 125.000 P30 par value ordinary shares. Dividends have been paid every year except last year and the current year. The preference shares are cumulative and non-participating. During the year dividends of P2.500.000 were distributed. How much dividends is payable to ordinary shareholders?

Reference no: EM133135887

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