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How much is the dividends per share for preference shares

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Reference no: EM133025701

Question - 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.

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

a. P1.50

b. P0.50

c. P0.20

d. P2.00

Reference no: EM133025701

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