The shareholders' equity accounts of XOX Corporation on December 31, 2023 were as follows: ...
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Accounting
The shareholders' equity accounts of XOX Corporation on December 31, 2023 were as follows:
12% Preference Share Capital, 40 par P 2,000,000 Ordinary Share Capital, 20 par - 8,000,000Retained Earnings 5,000,000 On this date, the board of directors declared 50% of the retained earnings as cash dividend. No dividends were declared in 2021 and 2022.
34. If the preference shares are noncumulative and nonparticipating, the dividend per ordinary scare is 1.25 . P 5.65 c. P 6.25 d. P 20.00
35. If the preference shares are cumulative and fully participating, the dividend per preference share is: . p 17.68 b. P 40.00 c. P 48.00 d. P 50.00
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