Reference no: EM132558055
Stockholders of equity of XYZ Corp. as of December 31, 2019:
12% Preference share capital, par P200, authorized 15,000 shares Issued and outstanding 10,000 shares.................................. P2,000,000
Ordinary share capital, par P100, authorized 10,000 shares, Issued 8,000 shares of which 1,000 shares are in treasury..... 800,000
Share premium........................................................................ 75,000
Treasury shares-Ordinary (1,000 shares at cost)............................. 80,000
Retained earnings-Unappropriated............................................... 1,500,000
Appropriation Reserve for Treasury Shares.................................... 80,000
No dividend has been declared since January 1, 2017. The Board of Directors declared P900,000 dividends DETERMINE HOW MUCH DIVIDENDS THE PREFERRED AND COMMON STOCKHOLDERS WILL RECEIVED AND DIVIDENDS PER SHARE. Given the following independent situations:
Question 1. Preferred stock non-cumulative and fully participating.
Question 2. Preferred stock is cumulative and fully participating.
Question 3. Preferred stock is cumulative but participating up to 20%.
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