Below is the Shareholders' equity of Dexter Co. on Dec. 31, 2020: 12% Preference Capital, P100 par 14% Preference Capital, P300 par Ordinary share capital, P100 par Retained Earnings P2,000,000 3,000,000 5,000,000 2,240,000 1,500,000 Share Premium The 12% preference share is cumulative while the 14% preference share is participating. Dividends have not been paid for 3 years. What is the book value per ordinary share?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Note: Use 2 decimal places for the Book Value per share.

Below is the Shareholders' equity of Dexter Co. on Dec. 31, 2020:
12% Preference Capital, P100 par
14% Preference Capital, P300 par
Ordinary share capital, P100 par
Retained Earnings
Share Premium
P2,000,000
3,000,000
5,000,000
2,240,000
1,500,000
The 12% preference share is cumulative while the 14% preference share
is participating. Dividends have not been paid for 3 years. What is the
book value per ordinary share?
Transcribed Image Text:Below is the Shareholders' equity of Dexter Co. on Dec. 31, 2020: 12% Preference Capital, P100 par 14% Preference Capital, P300 par Ordinary share capital, P100 par Retained Earnings Share Premium P2,000,000 3,000,000 5,000,000 2,240,000 1,500,000 The 12% preference share is cumulative while the 14% preference share is participating. Dividends have not been paid for 3 years. What is the book value per ordinary share?
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