JBL Company’s outstanding share capital at December 31, 2020 consisted of · 45,000 shares of 5% cumulative Preference Share, P10 par, fully participating as to dividends. No dividends were in arrears · 300,000 Ordinary Share, P1 par. On December 31, 2020, JBL declared dividends of P150,000. What was the amount of dividend payable to JBL preferred shareholders? CHOICES A, 135,000 B. 99,000. C. .90,000 D 78,750
JBL Company’s outstanding share capital at December 31, 2020 consisted of · 45,000 shares of 5% cumulative Preference Share, P10 par, fully participating as to dividends. No dividends were in arrears · 300,000 Ordinary Share, P1 par. On December 31, 2020, JBL declared dividends of P150,000. What was the amount of dividend payable to JBL preferred shareholders? CHOICES A, 135,000 B. 99,000. C. .90,000 D 78,750
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 18P
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JBL Company’s outstanding share capital at December 31, 2020 consisted of
· 45,000 shares of 5% cumulative
· 300,000 Ordinary Share, P1 par.
On December 31, 2020, JBL declared dividends of P150,000. What was the amount of dividend payable to JBL preferred shareholders?
CHOICES
A, 135,000
B. 99,000.
C. .90,000
D 78,750
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