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How much is the dividend per ordinary share

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Problem 1: On December 31, 2020, BSBA Corporation has P1,000 par value 6% 1,000 Cumulative and Participating preference shares and P10 par value 100,000 ordinary shares outstanding, and P500,000 Retained Earnings. No dividends were declared in 2018 and 2019. If P250,000 is declared as cash dividends, how much is the dividend per ordinary share?

Option 1: P 0.70
Option 2: P 1.90
Option 3: P 0.65
Option 4: P 0.60

Reference no: EM132940037

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