Presented below are balances taken from the records of Armor Corporation for 2020: 8% Preference Share Capital, ₱80 par
Posted: Tue Jul 05, 2022 11:47 am
Presented below are balances taken from the records of ArmorCorporation for 2020:8% Preference Share Capital, ₱80 par = ₱2,000,000Subscribed Preference Share Capital = ₱350,000Subscriptions Receivable-Preference = ₱120,000Ordinary Share Capital, ₱30 par = ₱1,500,000Subscribed Ordinary Share Capital = ₱660,000Subscriptions Receivable-Ordinary = ₱245,000Accumulated Profits-Free = ₱3,250,000Treasury Shares-Preference (at cost: ₱85) = ₱201,875
Assume preference shares are cumulative and participating. Thelast dividend declaration was in 2017. During the year, Armordeclared cash dividends amounting to ₱820,000. Howmuch is the cash dividend per ordinary share? Round offyour answer to two decimal places.
Assume preference shares are cumulative and participating. Thelast dividend declaration was in 2017. During the year, Armordeclared cash dividends amounting to ₱820,000. Howmuch is the cash dividend per ordinary share? Round offyour answer to two decimal places.