Company reported the following shareholders' equity on Dec 31, 2015: Preference share capital -12%, P50 par, 20,000 shares 1,000,000 Ordinary Share Capital, P25 par, 100,000 shares 2,500,000 Share Premium 200,000 Retained Earnings 400,000 Retained Earnings Appropriated 100,000 Revaluation Surplus 300,000 Dividends on Preference share have not been paid since 2013. The preference share has a liquidating value of P55 and call price of P58 . 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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Company reported the following shareholders' equity on Dec 31, 2015:
Preference share capital -12%, P50 par, 20,000 shares 1,000,000
Ordinary Share Capital, P25 par, 100,000 shares 2,500,000
Share Premium 200,000
Retained Earnings 400,000
Retained Earnings Appropriated 100,000 Revaluation Surplus 300,000
Dividends on Preference share have not been paid since 2013. The preference share has a liquidating value of P55 and call price of P58 .

what is the book value per preference share?

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