6. Briones Corp.'s outstanding shares at Dec. 31, 2022, consisted of the following: 30,000 shares of...

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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?

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To determine the amount of dividends payable to Briones ordinary shareholders we ne... View the full answer