Brave Company reported the following shareholders’ equity on December 31, 2022: Preference share capital, 12% cumulative and fully participating P100 par, authorized 20,000 shares issued 15,000s of which 1,000 shares are in the treasury and the last dividend was in 2017. 1,500,000 Treasury preference shares, at cost 110,000 Subscribed preference share capital 200,000 Subscription receivable – preference 130,000 Ordinary share capital, par value P100, authorized 50,000 shares, issued 30,000 shares of which 1,000 shares are reacquired 3,000,000 Treasury ordinary shares, at cost 70,000 Subscribed ordinary share capital 500,000 Subscription receivable – ordinary 200,000 Share premium 300,000 Retained earnings unappropriated 968,000 Retained earnings appropriated 680,000 Questions: 1. What is the book value per preference share? 171.09 196.57 152.00
Brave Company reported the following shareholders’ equity on December 31, 2022:
|
|
1,500,000 |
|
Treasury preference shares, at cost |
110,000 |
|
Subscribed preference share capital |
200,000 |
|
Subscription receivable – preference |
130,000 |
|
Ordinary share capital, par value P100, authorized 50,000 shares, issued 30,000 shares of which 1,000 shares are reacquired |
3,000,000 |
|
Treasury ordinary shares, at cost |
70,000 |
|
Subscribed ordinary share capital |
500,000 |
|
Subscription receivable – ordinary |
200,000 |
|
Share premium |
300,000 |
|
|
968,000 |
|
Retained earnings appropriated |
680,000 |
Questions:
1. What is the book value per preference share?
171.09
196.57
152.00
172.00
2. What is the book value per ordinary share?
124.43
133.41
112.44
124.00
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