Reference no: EM133044532

Questions -

Q1. Late 2019, Orange Company was registered at the SEC with 100,000 authorized ordinary shares of P 100 par value. The following transactions occurs: December 29, 2019 Issued 40,000 shares at P 105 per share May 14, 2020 Purchased 600 of its ordinary shares at P 110 per share August 9, 2020 400 treasury shares were sold at P 95 per share December 31, 2020 Profit P 830,000, cash dividends paid amounts to P 200,000 What is the total shareholders' equity of Orange Company on December 31, 2020?

Q2. The following balances of some accounts under shareholders' equity of Tippy Corp. as of December 31, 2019: Preferred Shares, 10% P 10 par, P 1,500,000 Common Shares, P 5 par, 2,800,000 Net Income for the year 2,500,512 All common and preferred shares are issued at P 12 and P 25, respectively. Assuming the preferred shares is noncumulative, and a cash dividend was declared on preferred shares, what is the earnings per share of Tippy Corp. for 2019?

Q3. A corporation has 8,000 shares of P 16.00 non-cumulative preference shares outstanding and 24,000 ordinary shares outstanding. At the end of the year, dividends of P 360,000 were declared; How much dividends were paid to preference and ordinary shareholders?

Q4. What is the dividend per share on preference and ordinary share capital?