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How much will be in arrears for atlanta hawks inc

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Problem 1: The shareholders' equity of Atlanta Hawks Inc., as of December 31, 2018 consists of 10% Preference Shares (cumulative and participating) with outstanding shares of 6,000, P 100 par value; Ordinary Shares of 10,000 with P 40 par value and Retained Earnings of P 800,000. Dividends were in arrears for 2 years at the start of 2018. Dividends declared for 2018 amounted to P 200,000. How much will be in arrears at the end of 2018?

Reference no: EM132941143

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