Endless Company provided the following shareholder's equity on December 31, 2021: Preference share capital 12% P100 par 1,000,000 Ordinary share capital, P100 4,000,000 Share premium 2,000,000 Retained earnings 1,000,000 Dividends have been paid on the preference share up to December 31, 2019. Required: Compute the book value per ordinary share and per preference share under each of the following conditions with respect to preference share: a. Cumulative and fully participating b. Cumulative and fully participating after ordinary share receives 15% c. Cumulative and participating up to 16% d, Cumulative and nonparticipating e. Noncumulative and nonparticipating
Endless Company provided the following shareholder's equity on December 31, 2021:
Ordinary share capital, P100 4,000,000
Share premium 2,000,000
Dividends have been paid on the preference share up to December 31, 2019.
Required:
Compute the book value per ordinary share and per preference share under each of the following conditions with respect to preference share:
a. Cumulative and fully participating
b. Cumulative and fully participating after ordinary share receives 15%
c. Cumulative and participating up to 16%
d, Cumulative and nonparticipating
e. Noncumulative and nonparticipating
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