1.

The Corporation had the following classes of shares outstanding as of December 31, 20x5:

• Ordinary shares, P 20 par value, 20,000 shares outstanding
• Preference shares, 8 percent, P 100 par value, non-cumulative , 2000 shares outstanding

NO dividends were paid on preference shares for the year 20x3 and 20x4. On December 31, 20x5, a total of P200,000 cash dividend was declared.

Required:

• Compute the amount of dividends payable for ordinary shares.
• Compute the amount of dividends payable for preference shares.

2.

The Corporation had the following classes of shares outstanding as of December 31, 20x5:

• Ordinary shares, P 20 par value, 20,000 shares outstanding
• Preference shares, 8 percent, P 100 par value, non-cumulative and fully participating 2000 shares outstanding

NO dividends were paid on preference shares for the year 20x3 and 20x4. On December 31, 20x5, a total of P200,000 cash dividend was declared.

Required:

• Compute the amount of dividends payable for ordinary shares.
• Compute the amount of dividends payable for preference shares.