Pontevedra Inc. has 10,000 shares of 3%, Php50 par value, cumulative preference shares and 50,000 ordinary shares with a
Posted: Sun Jun 05, 2022 5:06 pm
Pontevedra Inc. has 10,000 shares of 3%, Php50 par value, cumulative preference shares and 50,000 ordinary shares with a Php10 par value outstanding at December 31, 2020, and December 31, 2021. The board of directors declared and paid a Php11,000 dividend in 2020. In 2021, Php48,000 of dividends were declared and paid. What are the dividends received by the ordinary shareholders in 2021? Php30,000 Php19,000 Php33,000 Php29,000 Other: B