Question 7 of 19 Fill in the blanks: The Maynard Corporation has outstanding 10,000 shares of 10%, P50 par-value, cumulative, nonparticipating preferred shares and 80,000, P10 par-value ordinary shares. There were no dividends in arrears. The board of directors voted to distribute P40,000 as dividends in 2020; P55,000 in 2021; and P65,000 in 2022 Fill in the blanks. DO NOT USE PESO SIGN, COMMA, NOR DECIMAL PLACES. 1. Total dividends paid to preferred shareholders in 2020 is P 2. Total dividends paid to ordinary shareholders in 2020 is P 3. Total dividends paid to preferred shareholders in 2021 is P
Question 7 of 19 Fill in the blanks: The Maynard Corporation has outstanding 10,000 shares of 10%, P50 par-value, cumulative, nonparticipating preferred shares and 80,000, P10 par-value ordinary shares. There were no dividends in arrears. The board of directors voted to distribute P40,000 as dividends in 2020; P55,000 in 2021; and P65,000 in 2022 Fill in the blanks. DO NOT USE PESO SIGN, COMMA, NOR DECIMAL PLACES. 1. Total dividends paid to preferred shareholders in 2020 is P 2. Total dividends paid to ordinary shareholders in 2020 is P 3. Total dividends paid to preferred shareholders in 2021 is P
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
Chapter15: Contributed Capital
Section: Chapter Questions
Problem 5MC
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Transcribed Image Text:Question 7 of 19
Fill in the blanks:
The Maynard Corporation has outstanding 10,000 shares of 10%, P50 par-value, cumulative, nonparticipating preferred shares and 80,000, P10 par-value ordinary shares.
There were no dividends in arrears.
The board of directors voted to distribute P40,000 as dividends in 2020; P55,000 in 2021; and P65,000 in 2022
Fill in the blanks. DO NOT USE PESO SIGN, COMMA, NOR DECIMAL PLACES.
1. Total dividends paid to preferred shareholders in 2020 is P
2. Total dividends paid to ordinary shareholders in 2020 is P
3. Total dividends paid to preferred shareholders in 2021 is P
4. Total dividends paid to ordinary shareholders in 2021 is P
5. Total dividends paid to preferred shareholders in 2022 is P
6. Total dividends paid to ordinary shareholders in 2022 is P
7. Preferred dividend per share in 2020 is P
8. A shareholder who owns 5,000 Ordinary Shares will receive a total of P
dividend in 2022.
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