7. ABC Co. reported this shareholders' equity on December 31,2020: 6% Preference shares P100 par Ordinary share capital, P100 par Retained Earnings P1,000,000 3,000,000 950,000 Dividends on preference shares have been paid up to December 31, 2020. IF the preference shares have liquidating value of P105. per share, what is the book value per ordinary share?
7. ABC Co. reported this shareholders' equity on December 31,2020: 6% Preference shares P100 par Ordinary share capital, P100 par Retained Earnings P1,000,000 3,000,000 950,000 Dividends on preference shares have been paid up to December 31, 2020. IF the preference shares have liquidating value of P105. per share, what is the book value per ordinary share?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
a. P128.00
b. P129.70
c. P130.00
d. P131.70
e. answer not given
![7. ABC Co. reported this shareholders' equity on December 31,2020:
6% Preference shares P100 par
Ordinary share capital, P100 par
Retained Earnings
P1,000,000
3,000,000
950,000
Dividends on preference shares have been paid up to December 31,
2020. IF the preference shares have liquidating value of P105. per
share, what is the book value per ordinary share?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5c77a370-df6a-4f02-9705-2e8aa2273691%2F66d3e57b-74cb-405e-abe8-9aa530323274%2Fcpjgpn_processed.jpeg&w=3840&q=75)
Transcribed Image Text:7. ABC Co. reported this shareholders' equity on December 31,2020:
6% Preference shares P100 par
Ordinary share capital, P100 par
Retained Earnings
P1,000,000
3,000,000
950,000
Dividends on preference shares have been paid up to December 31,
2020. IF the preference shares have liquidating value of P105. per
share, what is the book value per ordinary share?
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