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1. The Aroma Company paid dividends at the end of each year as follows: 2019 - P6,000,000 2020 - P9,600,000 2021- P22,400,000 The corporation has
1. The Aroma Company paid dividends at the end of each year as follows: 2019 - P6,000,000 2020 - P9,600,000 2021- P22,400,000 The corporation has 1,000,000 shares of P10 par value ordinary share and 80,000shares of 9%, P100 par value preference share outstanding. Instructions: Compute the amount of total dividends and dividend per share on both preference share and ordinary share under each of the following assumptions. a. preference share is non cumulative and non participating b. preference share is cumulative and non participating. There are 2 years dividends in arrears at the beginning of 2019 c. preference share is cumulative and fully participating. There are no dividends in arrears at the beginning of 2019. I d. preference share is non cumulative and fully participating
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