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How much would be received

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Problem - AstraZeneca Corporation paid dividends of P200,000 and P200,000 at the end of 2019 and 2020, respectively. The corporation has not paid any other dividends since its organization on January 2, 2019. The outstanding shares are 20,000, 12% preference shares, par P100 and 30,000 ordinary shares, par P100. If preference share is non-cumulative and non-participating, how much would be received in 2020 by the preference and ordinary shareholders respectively?

Reference no: EM132875630

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