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How much is the dividends received

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Question - Help Company paid dividends at the end of each year: 2019 - P250,000 and 2020 - P300,000. The corporation has 250,000 shares of P10 par value ordinary shares and 20,000 shares of 10%, P100 par value preference shares. Dividends of P50,000 were in arrears at January 1, 2019.

Assuming the preference share is cumulative and non-participating, how much is the dividends received in 2019?

Using the same information and assuming the preference share is cumulative and fully participating, how much is the dividends received in 2020?

Reference no: EM133022446

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