1. At December 31, the shareholders' equity section shows: Ordinary share, P5 par value Additional paid-in capital Retained earnings Treasury stock, (120,000 shares) Total stockholders' equity P6,600,000 1,400,000 500,000 (700,000) P7,800,000 The book value per ordinary share is

1. At December 31, the shareholders' equity section shows: Ordinary share, P5 par value Additional paid-in capital Retained earnings Treasury stock, (120,000 shares) Total stockholders' equity P6,600,000 1,400,000 500,000 (700,000) P7,800,000 The book value per ordinary share is

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

a. P5.91

b. P6.44

c. P6.50

d. P7.08

e. answer not given

1. At December 31, the shareholders' equity section shows:
Ordinary share, P5 par value
Additional paid-in capital
Retained earnings
Treasury stock, (120,000 shares)
Total stockholders' equity
P6,600,000
1,400,000
500,000
(700,000)
P7,800,000
The book value per ordinary share is

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