What total amount distributed to the ordinary shareholders

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Q1) The outstanding share is composed of 10,000 shares of P100 par, cumulative preference P8 share, and 50,000 shares of no-par ordinary share. Preference dividends have been paid every year except for the preceding year and the current year. If P380,000 is to be distributed as a dividend for the current year, what total amount will be distributed to the ordinary shareholders?

Q2) The articles of partnership A B partnership provide for a salary allowance of P5,000 per month for partner B, with the balance of net income to be divided equally. If b made an additional investment of P10,000 during the year and withdrew P4,000 per month and net income for the year was P90,000 by what amount of did B's capital increase during the year?

Reference no: EM132221296

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