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How much is the total dividend allocated to ordinary share

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Question - Answer the following within 20 mins. Short explanation will do. At December 31, 2019 and 2020, New Corporation had outstanding 2,000 shares of P 100 par 6% cumulative and non participating Preference Share Capital and 10,000 shares of P10 par value Ordinary Share Capital. At December 31, 2019, dividends in arrears on the PS were P6,000. Cash dividends declared in 2020 totaled P22,000. How much is the total dividend allocated to Preference Share Capital?

Required -

How much is the dividends per share for the Preference Share Capital?

How much is the total dividend allocated to Ordinary Share Capital?

How much is the dividends per share for the Ordinary Share Capital?

Reference no: EM133028303

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