Paid up | Number | Amount | ||||
10% Preference shares | 100 | 5,000 | 5,00,000 | |||
Equity shares | 50 | 5,000 | 2,50,000 | |||
1 | Preference Shares are Non cumulative and Non Participating | |||||
Actual payment | ||||||
Year | Total Dividend paid | Preference dividend | Cummulative Preference dividend | Preference dividend | Equity dividend | |
2015 | 0 | 50,000 | 0 | 0 | 0 | |
2016 | 0 | 50,000 | 0 | 0 | 0 | |
2017 | 1,30,000 | 50,000 | 0 | 50,000 | 80,000 | |
2018 | 2,10,000 | 50,000 | 0 | 50,000 | 1,60,000 | |
2019 | 3,10,000 | 50,000 | 0 | 50,000 | 2,60,000 | |
2 | Preference Shares are cumulative but Non Participating | |||||
Actual payment | ||||||
Year | Total Dividend paid | Preference dividend | Cummulative Preference dividend | Preference dividend | Equity dividend | |
2015 | 0 | 50,000 | 50,000 | 0 | 0 | |
2016 | 0 | 50,000 | 1,00,000 | 0 | 0 | |
2017 | 1,30,000 | 50,000 | 20,000 | 1,30,000 | - | |
2018 | 2,10,000 | 50,000 | - | 70,000 | 1,40,000 | |
2019 | 3,10,000 | 50,000 | - | 50,000 | 2,60,000 | |
3 | Preference Shares are Non cumulative but fully Participating | |||||
Actual payment | ||||||
Year | Total Dividend paid | Preference dividend | Cummulative Preference dividend | Preference dividend | Equity dividend | |
2015 | 0 | 50,000 | - | 0 | 0 | |
2016 | 0 | 50,000 | - | 0 | 0 | |
2017 | 1,30,000 | 50,000 | - | 90,000 | 40,000 | |
2018 | 2,10,000 | 50,000 | - | 1,30,000 | 80,000 | |
2019 | 3,10,000 | 50,000 | - | 1,80,000 | 1,30,000 | |
4 | Preference Shares are cumulative and fully Participating | |||||
Actual payment | ||||||
Year | Total Dividend paid | Preference dividend | Cummulative Preference dividend | Preference dividend | Equity dividend | |
2015 | 0 | 50,000 | 50,000 | 0 | 0 | |
2016 | 0 | 50,000 | 1,00,000 | 0 | 0 | |
2017 | 1,30,000 | 50,000 | 20,000 | 1,30,000 | - | |
2018 | 2,10,000 | 50,000 | - | 1,50,000 | 60,000 | |
2019 | 3,10,000 | 50,000 | - | 1,80,000 | 1,30,000 |
Please provide explanations and the exact amount for arrears, excess and current dividend. m e De K ding U SA Cone S. s. Com BcDE F G H I J 1 Copy and answer in 1 whole yellow pad ABC Corporation declared and paid cash dividends for the last 3 years as follows: 2017- 130,000, 2018 - 210,000, 2019 - 310,000. No dividends were paid for two years prior to 5 2017. The capital structure of the Company for the...
Provide explanations and indicate if the amount is dividend in arrears, current and excess. m e De K ding U SA Cone S. s. Com BcDE F G H I J 1 Copy and answer in 1 whole yellow pad ABC Corporation declared and paid cash dividends for the last 3 years as follows: 2017- 130,000, 2018 - 210,000, 2019 - 310,000. No dividends were paid for two years prior to 5 2017. The capital structure of the Company for...
kindly provide explanations. K co E F G H I J 1 Copy and answer in 1 whole yellow pad ABC Corporation declared and paid cash dividends for the last 3 years as follows: 2017- 4 130,000, 2018 - 210,000, 2019 - 310,000. No dividends were paid for two years prior to 5 2017. The capital structure of the Company for the last three years follows: 7 10% Preference Share capital, P100 par, 5,000 shares outstanding P500,000 8 Ordinary Share...
Kindly please provide explanations and indicate the exact amount for the excess, arrears and current dividend. m e De K ding U SA Cone S. s. Com BcDE F G H I J 1 Copy and answer in 1 whole yellow pad ABC Corporation declared and paid cash dividends for the last 3 years as follows: 2017- 130,000, 2018 - 210,000, 2019 - 310,000. No dividends were paid for two years prior to 5 2017. The capital structure of the...
kindly provide explanations Instructions: Record the declaration Record the declaration and distribution of the above dividends. Exercise 9-7 Allocation of Cash Dividends to Preference and Ordinary Shareholders) The STU Co. has paid dividends for the last three years as follows: 2012 - P2,500,000; 2013 - P3,500,000; 2014 - P6,500,000. During the last three years, the company has the following outstanding share capital: 100.000 shares of P100 par, 12% Preference Share Capital and 500,000 shares of P10 par Ordinary Share Capital....
How to get the dividends per share in letters c and d? please answer letter E. Problem No. 6 At December 31, 2020, the equity accounts of Sample Corporation were as follows: 10% Preference share capital (P100 par, 50,000 shares) P5,000,000 Ordinary share capital (P10 par, 1,500,000 shares) 15,000,000 Retained earnings 5,000,000 Sample Corporation has never paid cash or share dividend. The capital accounts have not changed since Sample Corporation began operations on January 1, 2016. If the maximum amount...
Problem No. 6 At December 31, 2020, the equity accounts of Sample Corporation were as follows: 10% Preference share capital (P100 par, 50,000 shares) P5,000,000 Ordinary share capital (P10 par, 1,500,000 shares) 15,000,000 Retained earnings 5,000,000 Sample Corporation has never paid cash or share dividend. The capital accounts have not changed since Sample Corporation began operations on January 1, 2016. If the maximum amount available for cash dividend is declared on December 31, 2020? Requirements: Determine the amount of dividends...
The outstanding share capital of Pennington Corporation consists of 3,000 shares of $100 par value, 5% preference, and 9,000 shares of $50 par value ordinary. Assuming that the company has retained earnings of $100,000, all of which is to be paid out in dividends. One year’s dividends are in arrears on the preference shares. Required: Determine how much each class of shares should receive under each of the following conditions. 1. The preference shares are non-cumulative and non-participating. 2. The...
Exercise 11.6 Preference share Alternatives L.O. 5, 6 Walker Limited has the following capital structure: Preference shares— $25 par value, 10,000 shares authorized, 8,900 shares issued and outstanding Ordinary shares— 510 par value, 100,000 shares authorized 80,000 shares issue and outstanding $ 222,500 800,000 Total issued and fully paid capital Retained earnings $1,022,500 550,000 Total shareholders' equity $1,572,500 The number of issued and outstanding shares of both preference and ordinary shares have been the same for the last two years....