Problem $16$

I. Andam Corporation has outstanding $60,000$ shares of $5\%$ preference shares with a P$50$ par value and $300,000$ shares of P$30$ par ordinary shares. During the current year, the corporation declared and paid a total cash dividend of $P900,000.$

Required: For each of the following independent cases, compute the total dividends to be received by each class of stock:

The preference share is non$-$cumulative and nonparticipating

The preference share is cumulative and nonparticipating with one$-$year dividends in arrears. $3)$The preference share is non$-$cumulative and participating.

The preference share is cumulative and participating with no dividends in arrears.

The preference share is cumulative and participating with three years dividends in arrears.