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Mac Corporations share capital accounts on December 31, 200C showed the following: 12% Preference Share Capital, par P100, authorized 10,000 shares, and issued 4,000 shares
Mac Corporations share capital accounts on December 31, 200C showed the following:
12% Preference Share Capital, par P100, authorized 10,000 shares, and issued 4,000 shares | P 400,000 |
Ordinary Share Capital, par P30, authorized 100,000 shares, and issued 20,000 shares | P 600,000 |
On this date, the Board of Directors declared cash dividends of P260,000. No dividends were declared since 200A.
Compute the dividends per share for each class of share capital assuming that the preference share is:
- Non-cumulative and non-participating
- Non-cumulative and fully participating
- Cumulative and non-participating
- Cumulative and fully participating
- Cumulative and participating only up to 15%
- Cumulative and participating only after common gets 20%.
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