At December 31, the stockholders’ equity section shows: Ordinary share capital, P5 par value; 1,320,000 shares issued and 1,200,000 shares outstanding: P6,600,000; Share Premium: P1,400,000; Retained earnings: P500,000; Treasury shares, (120,000 shares): P700,000; Total shareholders’ equity - P7,800,000. How much is the book value per share? A. P5.91 B. P6.44 C. P6.50 D. P7.08 E. answer not given
At December 31, the stockholders’ equity section shows: Ordinary share capital, P5 par value; 1,320,000 shares issued and 1,200,000 shares outstanding: P6,600,000; Share Premium: P1,400,000; Retained earnings: P500,000; Treasury shares, (120,000 shares): P700,000; Total shareholders’ equity - P7,800,000. How much is the book value per share? A. P5.91 B. P6.44 C. P6.50 D. P7.08 E. answer not given
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
At December 31, the
capital, P5 par value; 1,320,000 shares issued and 1,200,000 shares
outstanding: P6,600,000; Share Premium: P1,400,000;
P500,000; Treasury shares, (120,000 shares): P700,000; Total
shareholders’ equity - P7,800,000. How much is the book value per share?
A. P5.91
B. P6.44
C. P6.50
D. P7.08
E. answer not given
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