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An entity provided the following shareholders' equity at year-end: Ordinary share capital, P100 par, 72,000 shares                      7,200,000 Subscribed ordinary share capital, 12,000 shares                    1,200,000 Subscription receivable                                                              400,000 Treasury shares, 4,000 at cost                                                     600,000 Retained earnings                                                                    2,000,000 What is the book value per ordinary share

An entity provided the following shareholders' equity at year-end: Ordinary share capital, P100 par, 72,000 shares                      7,200,000 Subscribed ordinary share capital, 12,000 shares                    1,200,000 Subscription receivable                                                              400,000 Treasury shares, 4,000 at cost                                                     600,000 Retained earnings                                                                    2,000,000 What is the book value per ordinary share

FINANCIAL ACCOUNTING
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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An entity provided the following shareholders' equity at year-end:
Ordinary share capital, P100 par, 72,000 shares                      7,200,000
Subscribed ordinary share capital, 12,000 shares                    1,200,000
Subscription receivable                                                              400,000
Treasury shares, 4,000 at cost                                                     600,000
Retained earnings                                                                    2,000,000
What is the book value per ordinary share?

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