Prepare the shareholders equity section of xdgh corporation

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Question - The XDGH Corporation has issued both preference and ordinary shares. On January 1, 200D, the shareholders' equity of the corporation is as follows:

6% Preference Shares, Php80 par value, authorized and Issued 40,000 shares Php3,200,000

Ordinary Shares, Php100 par value, authorized and issued 50,000 shares 5,000,000

Retained Earnings 2,500,000

Assume that dividends have not been declared since 200A.

Required -

1. Compute the amount to be distributed to preference and ordinary shareholders on each of the following cases of preference share:

a. Non-cumulative, non-participating

b. Cumulative, non-participating

c. Non-cumulative, fully participating

d. Cumulative, fully participating

e. Cumulative, participating up to 10%

2. Prepare the shareholders' equity section of XDGH Corporation.

Reference no: EM133185314

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