A company has the following shares in issue throughout 2020: 12 000 ordinary shares, and 13 000 non-redeemable, 9% discretionary, participating preference shares (at R2 each). The company earns a profit after tax of R125000. The preference shares participate to the extent of 1:4 of the dividends declared to ordinary shareholders. The total ordinary dividend declared for 2020 was R6 000. The company declared the full 2020 dividends owing to the preference shareholders. Calculate the following: Earnings per participating preference share

A company has the following shares in issue throughout 2020: 12 000 ordinary shares, and 13 000 non-redeemable, 9% discretionary, participating preference shares (at R2 each). The company earns a profit after tax of R125000. The preference shares participate to the extent of 1:4 of the dividends declared to ordinary shareholders. The total ordinary dividend declared for 2020 was R6 000. The company declared the full 2020 dividends owing to the preference shareholders. Calculate the following: Earnings per participating preference share

Name: 110. A company has the following shares in issue throughout 2020: - 12
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Description: 110. A company has the following shares in issue throughout 2020: - 12 000 ordinary shares, and 13 000 non-redeemable, 9%discretionary, participating preference shares (at R2 each). The company earns a profit after tax of R125000. Thepreference share

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter16: Retained Earnings And Earnings Per Share

Section: Chapter Questions

Problem 28E

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