What is the amount of dividend per ordinary share

Assignment Help Accounting Basics
Reference no: EM133110011

Question - On December 31, 2020, the shareholders' equity of BSA Corporation showed 10,000 authorized shares P1,000 par value 6% Preference Share, 1,000 shares issued and outstanding; Share Premium-Preference P300,000; 500,000 shares P5 par value Ordinary shares authorized, 200,000 shares issued, 190,000 shares outstanding; Share Premium-Ordinary P400,000, Retained Earnings P500,000 and Treasury Stock P100,000. No dividends were declared in 2018 and 2019. The treasury shares were reissued at P12 per share. The board declared P300,000 cash dividend. If the preference shares are noncumulative and nonparticipating, what is the amount of dividend per ordinary share?

A) P1.26

B) P0.63

C) P1.20

D) P0.60

Reference no: EM133110011

Questions Cloud

Correlation between the resting and after exercising : Run a correlation between the resting and after exercising heart rates to determine if a linear relationship exists between the two variables and how strong the
Marketing communication : How does celebrity endorsement work as a form of marketing communication? What are some disadvantages in using celebrity endorsement?
What is the book value per ordinary share : Retained Earnings P500,000 and Treasury Stock P100,000. No dividends were declared in 2018 and 2019. What is the book value per ordinary share
How would you rate the business appearance : Select three local businesses (one large and two small) and play the role of "mystery shopper".
What is the amount of dividend per ordinary share : If the preference shares are noncumulative and nonparticipating, what is the amount of dividend per ordinary share
Determining the floating rate market : In the floating rate market, company A and B may borrow at LIBOR+0.1% and LIBOR+1.3%, respectively. Which statement is true?
Decision to terminate the 10-year-old ethical : Was the decision to hire the 10-year-old ethical? Was the decision to terminate the 10-year-old ethical?
Why might a firm begin paying stock dividends : You are a team of stock analysts. Assume you will be receiving the following news:
What entries would you make : The company's ordinary shares are selling at this time at P20. What entries would you make in each of the following cases

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd