ORANGE Corporation has outstanding 20,000 shares of 8% preference shares with a ₱10 par value and 100,000 shares of ₱3 par value ordinary shares. Dividends have been paid every year except last year and the current year. If ₱80,000 is distributed, how much will the ordinary shareholders receive? ₱ 0 ₱ 64,000 ₱ 48,000 ₱ 80,000

ORANGE Corporation has outstanding 20,000 shares of 8% preference shares with a ₱10 par value and 100,000 shares of ₱3 par value ordinary shares. Dividends have been paid every year except last year and the current year. If ₱80,000 is distributed, how much will the ordinary shareholders receive? ₱ 0 ₱ 64,000 ₱ 48,000 ₱ 80,000

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 21DQ

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4. ORANGE Corporation has outstanding 20,000 shares of 8% preference shares with a ₱10 par value and 100,000 shares of ₱3 par value ordinary shares. Dividends have been paid every year except last year and the current year. If ₱80,000 is distributed, how much will the ordinary shareholders receive? a. ₱ 48,000 b. ₱ 64,000 c. ₱ 0 d. ₱ 80,000
ORANGE Corporation has outstanding 20,000 shares of 8% preferenceshares with a ₱10 par value and 100,000 shares of ₱3 par value ordinaryshares. Dividends have been paid every year except last year and thecurrent year. If ₱80,000 is distributed, how much will the ordinaryshareholders receive? Choices: ₱ 80,000₱ 64,000₱ 0₱ 48,000
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