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What is the amount of dividend received for every preference

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Question - On December 31, 2020, the shareholders' equity of BSA Corporation showed 10,000 shares authorized 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. If the entity wishes to give P1 cash dividend for every ordinary share, what is the amount of dividend received for every preference share?

A) P60

B) P180

C) P1

D) P200

Reference no: EM133125415

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