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Answer and show your solution The shareholder's equity in the statement of financial position on Dece showed the following: Preference share capital, l 2% P100

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The shareholder's equity in the statement of financial position on Dece showed the following: Preference share capital, l 2% P100 par, 25,000 shares , 2018 P2,500,000 5,000,000 600.000 3.000,000 Ordinary share capital, P100 par, 50,000 shares Share Premium Retained Earnings Dividends have been paid on the preference shares up to December 31. 2016. Case 1 Preference share is noncumulative and n Case 2 Preference share is cumulative and nonparticipating Case 3 Preference share is c Case 4 Preference share is c Case 5 Preference share is cumulative per share tive and tive and participating up to 16% ting with liquidation value of P106 28. For Case 1, the preference shares will have a dividend and book value per share of: A. 600,000: P124 B. 600,000: P156 C. 600,000: P128 D. 300,000: P112 29. For Case 2, the preference shares will have a dividend and book value per share of: 8 000: P124 B. 600,000: P156 C. 600,000; P128 D. 300,000: P112

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