What the ordinary stockholders will receive

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Problem 1: Yankees, Inc. has 100,000 shares of P10 par value ordinary shares and 50,000 shares of P10 par value, 6%, cumulative, participating preferred sharees outstanding. Dividends on the preference shares are one year in arrears. Assuming that Yankees wishes to distribute P270,000 as dividends, the ordinary stockholders will receive ?

a. 160,000.
b. 110,000.
c. 60,000.
d. 210,000.

Reference no: EM132766728

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