ABC Company had 5,000 ordinary shares of P500 par value outstanding and 500 preference shares of P1,000 par value outstanding. The current market price of the ordinary share is P1,200 and total equity amounts to P3,600,000. The preference shareholders have a liquidation preference of P1,400 per share and no dividends are in arrears. What is the book value per ordinary share? (Round answer to a whole number)

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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ABC Company had 5,000 ordinary shares of P500 par value outstanding and 500 preference shares of P1,000 par value outstanding. The current market price of the ordinary share is P1,200 and total equity amounts to P3,600,000. The preference shareholders have a liquidation preference of P1,400 per share and no dividends are in arrears. What is the book value per ordinary share? (Round answer to a whole number)

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