10. ABC Co.'s reported this shareholders' equity at December 31, 2020: Preference Share capital, 10%, 20,000 shares P2,000,000 Ordinary Share capital, P100 par Subscribed ordinary share capital 20,000 shares 2,000,000 Subscription receivable 4,000,000 500,000 Share Premium 1,000,000 Retained Earnings 2,400,000 Treasury ordinary shares- 10,000 at cost 800,000 Dividends on preference shares are in arrears for 2018, 2019 and 2020. IF the preference shares cumulative and are nonparticipating, what is the book value per ordinary share?

10. ABC Co.'s reported this shareholders' equity at December 31, 2020: Preference Share capital, 10%, 20,000 shares P2,000,000 Ordinary Share capital, P100 par Subscribed ordinary share capital 20,000 shares 2,000,000 Subscription receivable 4,000,000 500,000 Share Premium 1,000,000 Retained Earnings 2,400,000 Treasury ordinary shares- 10,000 at cost 800,000 Dividends on preference shares are in arrears for 2018, 2019 and 2020. IF the preference shares cumulative and are nonparticipating, what is the book value per ordinary share?

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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