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What is the dividend payable to the ordinary shareholders

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Question - Yodel Company had 50,000 ordinary shares of P100 par value and 25,000 preference shares of P100 par value, 6% cumulative and participating. Dividends on the preference shares are two years in arrears including the current year. The entity distributed P1,350,000 as dividends in the current year. What is the dividend payable to the ordinary shareholders?

Reference no: EM133076400

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