Company reported the following shareholders' equity on Dec 31, 2015: Preference share capital -12%, P50 par, 20,000 shares 1,000,000 Ordinary Share Capital, P25 par, 100,000 shares 2,500,000 Share Premium 200,000 Retained Earnings 400,000 Retained Earnings Appropriated 100,000 Revaluation Surplus 300,000 Dividends on Preference share have not been paid since 2013. The preference share has a liquidating value of P55 and call price of P58 . what is the book value per preference share?

At December 31, 2016, Paste Company had 30,000 shares of P100 par, 5% cumulative preference share outstanding. No dividends were in arrears as of December 31, 2014, Paste did not declare dividends during 2015. During 2016, Paste paid a cash dividend of P100,000 on its preference share. Paste should report dividends in arrears in its 2016 financial statements as a/an A. accrued liability of P150,000B. disclosure of P150,000C. accrued liability of P200,000D. disclosure of P200,000

At December 31, 2016, the records of Hoffman Company reflected the following balances in the shareholders’ equity accounts:  Common shares: par $12 per share; 55,000 shares outstandingPreferred shares: 9 percent; par $10 per share; 8,250 shares outstandingRetained earnings: $227,500  On January 1, 2017, the board of directors was considering the distribution of a $72,500 cash dividend. No dividends were paid during 2015 and 2016.Required:Determine the total and per-share amounts that would be paid to the common shareholders and to the preferred shareholders under two independent assumptions:1-a. The preferred shares are non-cumulative. (Round your per share amount to 2 decimal places.)   1-b. The preferred shares are cumulative. (Round your per share amount to 2 decimal places.)   2. Why were the dividends per common share less for the second assumption?multiple choice The total dividend amount and dividends per share of common shares were less under the second assumption because…

Corgi, Inc. has the following stock issued as of December 2015:                     6% Preferred Stock, $100 par, 10,000 shares issued and outstanding                     Common Stock, $5 par, 50,000 shares issued and outstanding The preferred stock dividend is cumulative.  Dividends were paid in 2013, but were not paid during 2014.  On December 15, 2015, Corgi declares dividends of $210,000.  How much of this dividend will be distributed to Common Stock?