An entity provided the following equity balances at year-end: 10% preference share capital, 30,000 shares, par P100                 3,000,000 Ordinary share capital, 50,000 shares, par 100                              5,000,000 Share premium                                                                              1,000,000 Retained earnings                                                                          2,000,000 The preference shares have a call price of120, a liquidation price of 115 and dividends have not been paid for 3 years. What is the book value per preference share?

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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An entity provided the following equity balances at year-end:
10% preference share capital, 30,000 shares, par P100                 3,000,000
Ordinary share capital, 50,000 shares, par 100                              5,000,000
Share premium                                                                              1,000,000
Retained earnings                                                                          2,000,000
The preference shares have a call price of120, a liquidation price of 115 and dividends have not been paid for 3 years.
What is the book value per preference share?

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