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4. Villanueva Corp.'s statement of financial position reported the following shareholders' equity: 5% Cumulative Preference Shares, P100 par, 2,500 shares issued and outstanding Ordinary Shares, P3.50 par, 100,000 shares issued and outstanding Share Premium-Ordinary Retained Earnings P250,000 350,000 125,000 300,000 Dividends in arrears on the preference shares amounted to P25,000. If Villanueva were to be liquidated, the preference shareholders would receive par value plus a premium of P50,000. The book value per share of ordinary shares is a. P7.75. b. P7.50. c. P7.25. d. P7.00.

4. Villanueva Corp.'s statement of financial position reported the following shareholders' equity: 5% Cumulative Preference Shares, P100 par, 2,500 shares issued and outstanding Ordinary Shares, P3.50 par, 100,000 shares issued and outstanding Share Premium-Ordinary Retained Earnings P250,000 350,000 125,000 300,000 Dividends in arrears on the preference shares amounted to P25,000. If Villanueva were to be liquidated, the preference shareholders would receive par value plus a premium of P50,000. The book value per share of ordinary shares is a. P7.75. b. P7.50. c. P7.25. d. P7.00.

FINANCIAL ACCOUNTING
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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4. Villanueva Corp.'s statement of financial position reported the following shareholders' equity: 5% Cumulative Preference Shares, P100 par, 2,500 shares issued and outstanding Ordinary Shares, P3.50 par, 100,000 shares issued and outstanding Share Premium-Ordinary Retained Earnings P250,000 350,000 125,000 300,000 Dividends in arrears on the preference shares amounted to P25,000. If Villanueva were to be liquidated, the preference shareholders would receive par value plus a premium of P50,000. The book value per share of ordinary shares is a. P7.75. b. P7.50. c. P7.25. d. P7.00.
Transcribed Image Text:4. Villanueva Corp.'s statement of financial position reported the following shareholders' equity: 5% Cumulative Preference Shares, P100 par, 2,500 shares issued and outstanding Ordinary Shares, P3.50 par, 100,000 shares issued and outstanding Share Premium-Ordinary Retained Earnings P250,000 350,000 125,000 300,000 Dividends in arrears on the preference shares amounted to P25,000. If Villanueva were to be liquidated, the preference shareholders would receive par value plus a premium of P50,000. The book value per share of ordinary shares is a. P7.75. b. P7.50. c. P7.25. d. P7.00.
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