TRIXIE JHON ROJASA – CAGAYAN STATE UNIVERSITY

PROBLEM SOLVING WITH SOLUTION

EXAMPLE:

Generic Corporation paid dividends of P200,000 and P300,000

at the end of 2014 and 2015 respectively. The corporation has
not paid any other dividends since its organization on January 2,
2014. The outstanding shares are 20,000, 12% preference
shares, P100 par and 30,000 ordinary shares par P100. If
preference share is noncumulative and nonparticipating, how
much would be received in 2014 by preference and ordinary
shareholders, respectively?

=THE POSSIBLE ANSWER WOULD BE 200,000 AND

O

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