letter d and e : 5. The stockholders’ equity accounts of JFT Corporation on December 31, 2019 20% Preference share capital, P10 par, 100,000 shares
letter d and e : 5. The stockholders’ equity accounts of JFT Corporation on December 31, 2019
20% Preference share capital, P10 par, 100,000 shares issued and
oustanding
Ordinary shares P12 par, 150,000 shares issued and outstanding
P 1,000,000
1,800,000
Total
P 2,800,000
Additional information:
Cash dividends were declared on this date. Dividends were last declared and paid on
December 31, 2017.
Compute for the total dividends and dividends per share on preference share capital and
ordinary share capital under each of the following independent cases:
a) The preference share is cumulative and participating and the amount of dividend
declared is P250,000.
b) The preference share is non-cumulative and participating and the amount of dividend
declared is P50,000.
c) The preference share is cumulative and non-participating and the amount of dividend
declared is P180,000.
d) The preference share is cumulative and participating and the amount of dividend
declared is P75,000.
e) The preference share is non-cumulative and non-participating and the amount of
dividend declared is P130,000.
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