28. An entity provided the following shareholders' equity at year-end: 10% cumulative preference share capital, P100 par, 30,000 shares Ordinary share capital, P100 par value, 50,000 shares Retained earnings 3,000,000 5,000,000 4,000,000 Dividends in arrears on the preference shares are for 5 years. If the entity were to be liquidated, the preference share would receive par plus a premium of P300,000. What is the book value per ordinary share? a. 144 b. 134 b. 174 d. 150
28. An entity provided the following shareholders' equity at year-end: 10% cumulative preference share capital, P100 par, 30,000 shares Ordinary share capital, P100 par value, 50,000 shares Retained earnings 3,000,000 5,000,000 4,000,000 Dividends in arrears on the preference shares are for 5 years. If the entity were to be liquidated, the preference share would receive par plus a premium of P300,000. What is the book value per ordinary share? a. 144 b. 134 b. 174 d. 150
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:28. An entity provided the following shareholders' equity at year-end:
10% cumulative preference share capital, P100 par, 30,000 shares
Ordinary share capital, P100 par value, 50,000 shares
Retained earnings
3,000,000
5,000,000
4,000,000
Dividends in arrears on the preference shares are for 5 years. If the entity were to be liquidated, the preference share
would receive par plus a premium of P300,000. What is the book value per ordinary share?
a. 144
b. 134
b. 174
d. 150
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