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What is the dividends per share of the preference share

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Question - Jupiter corporation had the following shares outstanding at December 31, 2018: Ordinary shares, par P80 - 320,000; 6% preference shares, par P80 - 160,000. Accumulated profits for dividend distribution amounted to P64,400. No dividends were declared for 2016 and 2017. If the preference share capital is cumulative and fully participating, what is the dividends per share of the preference share?

Reference no: EM133085021

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