Subject: accounting- corporation

The shareholder's equity section of B. Corporation's statement of financial position at the close of the current year follows:

Required:

1. What is the amount of the annual dividend on the preference shares?

2. How many ordinary shares have been issued?

3. What was the average price paid by the shareholders for the preference shares?

4. What was the average price paid by the shareholders for the ordinary shares?

5. How many ordinary shares are currently outstanding?

6. If total dividends of 287,200 were paid to shareholders in the current year, how much was paid to the ordinary shareholders assuming that no preference dividends are in arrears?

The shareholders' equity section of Balocating Corporation's statement of financial position at the close of the current year follows: 8% Preference shares, P100 par, 30,000 shares authorized, P1,000,000 10,000 shares issued ordinary shares, no-par, stated value of P5, 200,000 shares 750,000 authorized Share Premium-Preference 130,000 Share Premium-ordinary 3,300,000 Retained Earnings 1,400,000 Total Shareholders' Equity P6,580,000 Required: 1. What is the amount of the annual dividend on the preference shares? 2. How many ordinary shares have been issued? 3. What was the average price paid by the shareholders for the preference shares? 4, what was the average price paid by the shareholders for the ordinary shares? 5. How many ordinary shares are currently outstanding? 6. If total dividends of P287,200 were paid to shareholders in the current year, how much was paid to the ordinary shareholders assuming that no preference dividends are in arrears