Question
R. San Pedro Corporation has paid all required preference dividends through Dec. 31, 2014. Its outstanding shares consists of 10,000 shares of PI 25 par
R. San Pedro Corporation has paid all required preference dividends through Dec. 31, 2014. Its outstanding shares consists of 10,000 shares of PI 25 par value ordinary shares and 4,000 shares of 6%, PI 25 par value preference shares. During five successive years, the corporation ls dividend declarations were as follows:
2015 P85,OOO
2016. 52,500
2017 7,500
2018 15,000
2019 67,500
Compute the amount of dividends that would have been paid to each class of shares in each of the last five years assuming the preference shares is:
a. Cumulative.
b. Noncumulative.
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