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?

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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TRUE OR FALSE