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SUCCOR HELP AID RELEIF Co. declared P3,600,000 cash dividends to its preference and ordinary shareholders out of its profits in 2023. No dividends have been
SUCCOR HELP AID RELEIF Co. declared P3,600,000 cash dividends to its preference and ordinary shareholders out of its profits in 2023. No dividends have been declared since 2021. SUCCORS shareholders equity immediately before dividend declaration is as follows:
10% Cumulative Preference Share capital, P200 par
P4,000,000
Ordinary Share Capital, P100 par
16,000,000
Retained Earnings
10,000,000
Total Shareholders equity
30,000,000
Compute the dividends to Preference Shareholders
Compute the dividends to Ordinary shareholders
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