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How much is the dividend per preference share for bsba corp

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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 ordinary shareholders received P1.00 per share, how much is the dividend per preference share?

Option 1: P220.00
Option 2: P180.00
Option 3: P 1.00
Option 4: P 60.00

Reference no: EM132940036

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