the shareholders equity section reported the following prior to dividend declaration:

6% preference shares, P100 par, 25,000 authorized and 10,000 issued and outstanding P1,000,000

Share premium on preference share 100,000

Ordinary shares, P50 par, 100,000 authorized and 80,000 issued 4,000,000

Share premium on ordinary share 500,000

Accumulate profits 6,000,000

Appropriation reserve for plant expansion 3,000,000

80% of accumulated profits were declared as cash dividend. There were 2 years dividend in arrears plus current year.

Compute the dividend payable to preference and ordinary shareholders, assuming the following conditions:

1. Non cumulative and participating.
2. Non cumulative and non participating.
3. cumulative and participating.
4. cumulative and non participating.
5. Non cumulative and participating up to 10%

#Accounting #ConceptualFrameworkandAccountingStandard.