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AAA Castle Company had the following classes of shares outstanding as of December 31, 2022: 6% Preference shares, P100 par value, 1,000 shares outstanding Ordinary
AAA Castle Company had the following classes of shares outstanding as of December 31, 2022: 6% Preference shares, P100 par value, 1,000 shares outstanding Ordinary shares, P20 par value, 20,000 outstanding The last payment of preference dividends was on December 31, 2019. On December 31, 2022, total cash dividends of P90,000 was declared for shareholders of record as of December 31, 2022. Assuming preference shares are cumulative and fully participating, how much cash dividends would be paid to preference and ordinary shares, respectively? O P32,400 and P57,600 OP57,600 and P32,400 O P27,600 and P62,400 O P18,000 and P72,000
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