Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1 IV. TALO COMPANY has been paying regular Quarterly dividendis of P1.50 and wants to pay the same amount in the third quarter of 2012.
1 IV. TALO COMPANY has been paying regular Quarterly dividendis of P1.50 and wants to pay the same amount in the third quarter of 2012. The following information relates to the company's equity: Jan Shares outstanding. 400,000; P2 par (750,000 shares authorized) Feb 15 Issued 25,000 now shares at P10.50 March 21 Paid quarterly dividends of P1 50 per stare May 12 Converted P1,000,000 of P1,000 bonds to ordinary shares at the rate of 50 shares per P1,000 band June 15 Issued rate of 50 share dividend 30 Paid quarterly dividends of P1.50 per share 5. What is the total amount that Talo will have to pay in dividends in the third quarter in order to pay P1.50 per share? A. P790,875 C. PG37.500 B. P712.500 D.P749,250 6. What is the total amount of dividends to be distributed during the year assuming no equity transactions occur after June 307 A. P2, 163,500 C. P3,010,125 B. P3,085.125 D. P3,121,875 PROBLEM 2: The NEPAL COMPANY is authorized to issue 600.000 shares of P10 par value ordinary share
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started