Ampersand Corporation has 10,000 shares of 7% ₱50 par preference share and 100,000 shares of ₱4 par value ordinary share

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answerhappygod
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Ampersand Corporation has 10,000 shares of 7% ₱50 par preference share and 100,000 shares of ₱4 par value ordinary share

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Ampersand Corporation has 10,000 shares of 7% ₱50 par preferenceshare and 100,000 shares of ₱4 par value ordinary shareoutstanding. Two years of preference dividends are in arrears. Thecorporation declared a cash dividend large enough to pay thepreference dividends in arrears, the preference dividend for thecurrent year, and a ₱1.50 dividend to ordinaryshareholders. How much is the total dividenddeclared?
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