3. Manouche Co.'s shareholders' equity on December 31, 20x1was as follows:6% noncumulative preference shares, P100 par(liquidation value P105 per share)Ordinary shares, P100 parRetained earnings2,000,0006,000,0001,900,000Preferred dividends have been paid up to December 31, 20x1.At December 31, 20x1, Manouche Co.'s book value per ordinaryshare wasa.130.00.b.132.40.c.134.98.d.260.00(AICPA)

The book value per share is calculated as total shareholders equity that belongs to common…

3. Manouche Co.'s shareholders' equity on December 31, 20 was as follows: 6% noncumulative preference shares, P100 par (liquidation value P105 per share) Ordinary shares, P100 par Retained earnings 2,000,00 6,000,00 1,900,00 Preferred dividends have been paid up to December 31, 20x1.

3. Manouche Co.'s shareholders' equity on December 31, 20 was as follows: 6% noncumulative preference shares, P100 par (liquidation value P105 per share) Ordinary shares, P100 par Retained earnings 2,000,00 6,000,00 1,900,00 Preferred dividends have been paid up to December 31, 20x1.

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

3. Manouche Co.'s shareholders' equity on December 31, 20x1
was as follows:
6% noncumulative preference shares, P100 par
(liquidation value P105 per share)
Ordinary shares, P100 par
Retained earnings
2,000,000
6,000,000
1,900,000
Preferred dividends have been paid up to December 31, 20x1.
At December 31, 20x1, Manouche Co.'s book value per ordinary
share was
a.130.00.
b.132.40.
c.134.98.
d.260.00
(AICPA)

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