6. Briones Corp.'s outstanding shares at Dec. 31, 2022, consisted of the following: 30,000 shares of...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
6. Briones Corp.'s outstanding shares at Dec. 31, 2022, consisted of the following: 30,000 shares of 5% Cumulative Preference Shares, P10 par value, fully participating as to dividends. No dividends were in arrears. 200,000 Ordinary Shares, P1 par value. On Dec. 15, 2022, Briones declared dividends of P100,000. What was the amount of dividends payable to Briones' ordinary shareholders? 6. Briones Corp.'s outstanding shares at Dec. 31, 2022, consisted of the following: 30,000 shares of 5% Cumulative Preference Shares, P10 par value, fully participating as to dividends. No dividends were in arrears. 200,000 Ordinary Shares, P1 par value. On Dec. 15, 2022, Briones declared dividends of P100,000. What was the amount of dividends payable to Briones' ordinary shareholders?
Expert Answer:
Answer rating: 100% (QA)
To determine the amount of dividends payable to Briones ordinary shareholders we ne... View the full answer
Posted Date:
Students also viewed these accounting questions
-
Components of variance: Consider the hierarchical model where 1 ,..., m , 2 iid normal(, 2 ) y 1,j ,...,y n j ,j j , 2 iid normal( j , 2 ) For this problem, we will eventually compute the following:...
-
The Bigfork Company is a retail company that began operations on January 1,2018. The Bigfork Company is authorized to issue 1,000,000 shares of P10 par value ordinary share and 500,000 shares of 3%,...
-
JBL Company's outstanding share capital at December 31, 2020 consisted of 45,000 shares of 5% cumulative Preference Share, P10 par, fully participating as to dividends. No dividends were in arrears...
-
The MRP gross requirements for Item A are shown here for the next 10 weeks. Lead time for A is three weeks and setup cost is $ 10. There is a carrying cost of $ 0.01 per unit per week. Beginning...
-
How does Tawses decision to craft wines using a traditional technique affect its product? When discussing your answer, consider the competitive wine industry as a whole.
-
Determine the total exergy destruction associated with the Otto cycle described in Problem 9-33, assuming a source temperature of 2000 K and a sink temperature of 300 K. Also, determine the energy at...
-
Where does the creation of value lie in a merger?
-
Ricks English Hut (Ricks) is a restaurant located in North Myrtle Beach, South Carolina on a saltwater marsh, surrounded by stately oak trees. Ricks appetizers and entrees run the gamut, from tasty...
-
The height in feet of a football that is kicked can be modeled by the function(e)--10a64a, where x the time in seconds after it in bicked for what time is the ball at or above a height of 48 feet...
-
The following Excel ogive shows toy sales by a company over a 12-month period. What conclusions can you reach about toy sales at thiscompany? 120 E 80 an. Feb. Mar. Apr. May June July Aug. Sept. Oct....
-
Using each of the five systems in Bronfenbrenner's theory, describe how a child's environment (including family, school, and community) might predispose the child to bullying. For example, within a...
-
1. Investing and Liquidity. How is investing related to liquidity? Give some examples of liquid investments. 2. Growth Stocks and Income Stocks. What is a growth stock? What is an income stock? Why...
-
Project K requires an initial outlay at t=0 of S85,000. its expected cash inflows are $42,000 for three years, and its WACC is 896. What is the MIRR (modified internal rate of return) for this...
-
Evaluation of the risks that investors undertake when they choose to purchase shares of the companies DIGI and MAXIS over the past five years (2016 2020) . Explain, elaborate and give an example.
-
For Strategy WBB At time 0: Simultaneously Write (Sell the call to deliver the asset. The premium you get from selling the call reduces the amount you need to borrow) Borrow (How much?) Buy (buy the...
-
Tutorial - Statement of Cash Flows Amazon Corporation Income Statement for the Year ended December 31, 2020 Sales Cost of goods sold Gross profits Selling and administrative expense Depreciation...
-
Suppose the following data were taken from the 2025 and 2024 financial statements of American Eagle Outfitters. (All numbers, including share data, are in thousands.) 2025 2024 Current assets...
-
This problem continues the Draper Consulting, Inc., situation from Problem 12-45 of Chapter 12. In October, Draper has the following transactions related to its common shares: Oct 1 Draper...
-
The Welding Department of Nagano Manufacturing Company has the following production and manufacturing cost data for February 2002. All materials are added at the beginning of the process. Nagano uses...
-
With the popularity of the Apple iPad, the tablet computer market is experiencing high growth rates and record demand levels. Using the Internet as a research tool, complete a five forces analysis...
-
The ledger of Grogan Company has the following work in process account. Production records show that there were 800 units in the beginning inventory, 30% complete, 1,100 units started, and 1,300...
Study smarter with the SolutionInn App