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What the common shareholders will receive

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Question - GFROX has outstanding 100,000 shares of P5 par ordinary shares and 20,000 shares of P5 par value 8% preference shares. The preference share is cumulative and participating. Dividends have been paid every year except for the past 2 years and the current year. If P40,000 is distributed as cash dividend, what the common shareholders will receive?

Reference no: EM132950233

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