ABC Co. 's shareholders' equity on December 31,2020 are as follows: 7% preference shares P100 par P3,000,000 Ordinary share capital, 50,000 shares P1,500,000 Donated capital P500,000 Accumulated profits P4,500,000. All preference dividends have been fully paid. If preference shares have total liquidation value of P3,200,000, how much is the book value per ordinary share?

ABC Co. 's shareholders' equity on December 31,2020 are as follows: 7% preference shares P100 par P3,000,000 Ordinary share capital, 50,000 shares P1,500,000 Donated capital P500,000 Accumulated profits P4,500,000. All preference dividends have been fully paid. If preference shares have total liquidation value of P3,200,000, how much 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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