Question
Use the following information to answer items 24 and 25: The Everlasting Corporation has paid dividends for the last three years as follows: 2013 P2,500,000
Use the following information to answer items 24 and 25: The Everlasting Corporation has paid dividends for the last three years as follows: 2013 P2,500,000 2014 P3,500,000 The company has the following outstanding share capital since its inception: Preference share capital, P100 par, 12% participating up to an additional 8%, cumulative, 100,000 shares P10,000,000 Ordinary share capital, P10 par, 500,000 shares 5,000,000 Dividends are in arrears for two years at the beginning of 2013. 24. What is the amount paid to preference shareholders and the dividends per share in 2014? A. 2,300,000; 23.00 B. 2,348,000; 23.48 C. 2,700,000; 27.00 D. 2,748,000; 27.48 25. What is the amount paid to ordinary shareholders in 2014? A. None B. 600,000; 1.20 C. 800,000; 1.60 D. 1,152,000; 2.30
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