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The shareholders' equity accounts of Lucky Corporation on December 31, 2018 are as follows: 10% Preference Share Capital, 5,000 shares, P50 par Ordinary Share,

 

The shareholders' equity accounts of Lucky Corporation on December 31, 2018 are as follows: 10% Preference Share Capital, 5,000 shares, P50 par Ordinary Share, P100 par Additional Paid in Capital Retained Earnings P 250,000 500,000 100,000 200,000 Cash dividends were declared on this date. Dividends were last declared on December 31, 2016. Required: Compute for the total dividends and dividend per share on preference share capital and ordinary share capital under each of the following independent assumptions: (a) The preference share is cumulative and participating and the amount of dividend declared is P130,000. (b) (c) (d) The preference share is non-cumulative and participating, and the amount of dividend declared is P60,000. The preference share is non-cumulative and participating and the amount of dividend declared is P35,000. The preference share is cumulative and participating and the amount of dividend declared is P60,000. (e) The preference share is non-cumulative and non-participating and the amount of dividend declared is P60,000.

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