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How much is the dividends per share for preference shares

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Reference no: EM132946053

Mack Company reported the following outstanding share capital on December 31, 2020:

  • 30,000 preference shares, 5% cumulative, par value P10, fully participating as to dividends. No dividends were in arrears.
  • 200,000 ordinary shares, par value P1.

Problem 1: On December 31, 2019, the entity declared dividends of P100,000. How much is the dividends per share for he Preference Shares?

a. P1.50

b. P0.50

c. P0.20

d. P2.00

Reference no: EM132946053

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