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Data relating to the shareholders’ equity of ABC Co. during December 31 are as follows: 8% preference share, P 40,000 shares – P 4,000,000 Ordinary share, 26,000 shares – P 1,040,000 Treasury ordinary shares (1,000 shares at cost) – P 70,000 Retained Earnings – P 7,000,000 Dividends are in arrears for four years.   How much is the book value per ordinary share assuming that preference shares are fully participating?

Data relating to the shareholders’ equity of ABC Co. during December 31 are as follows: 8% preference share, P 40,000 shares – P 4,000,000 Ordinary share, 26,000 shares – P 1,040,000 Treasury ordinary shares (1,000 shares at cost) – P 70,000 Retained Earnings – P 7,000,000 Dividends are in arrears for four years.   How much is the book value per ordinary share assuming that preference shares are fully participating?

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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Data relating to the shareholders’ equity of ABC Co. during December 31 are as follows:

8% preference share, P 40,000 shares – P 4,000,000

Ordinary share, 26,000 shares – P 1,040,000

Treasury ordinary shares (1,000 shares at cost) – P 70,000

Retained Earnings – P 7,000,000

Dividends are in arrears for four years.

 

How much is the book value per ordinary share assuming that preference shares are fully participating?

 

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