GHI Co. has the following shareholders’ equity accounts: 8% Preference Share, P10 par P200,000 Ordinary share, P6 par P300,000, Accu

Managerial Accounting: The Cornerstone of Business Decision-Making
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Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 55E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...
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GHI Co. has the following shareholders’ equity accounts: 8% Preference Share, P10 par P200,000 Ordinary share, P6 par P300,000, Accumulated Profit P100,000. Dividends have not been declared for 3 years including the current year. On October 1, a cash dividend of P80,000 has been declared by the Board of Directors. Assuming that the preference share is cumulative and fully participating, compute for the dividend per share for preference share (round off to two decimal places).

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