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Fire company has the following data at year end: · 10% noncumulative preference shares capital, P1,000 par, P1,400 liquidation value, 500 issued and outstanding shares                                                                                            · Ordinary share capital, P500 par, 5,000 issued and outstanding shares                           · Total shareholders’ equity of 3,600,000 No dividends in arrears. What is the book value per share – ordinary?   a. P520.00 b. P580.00 c. P510.00 d. P818.00

Fire company has the following data at year end: · 10% noncumulative preference shares capital, P1,000 par, P1,400 liquidation value, 500 issued and outstanding shares                                                                                            · Ordinary share capital, P500 par, 5,000 issued and outstanding shares                           · Total shareholders’ equity of 3,600,000 No dividends in arrears. What is the book value per share – ordinary?   a. P520.00 b. P580.00 c. P510.00 d. P818.00

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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Fire company has the following data at year end:

· 10% noncumulative preference shares capital, P1,000 par, P1,400 liquidation value, 500 issued and outstanding shares                                                                                           

· Ordinary share capital, P500 par, 5,000 issued and outstanding shares                          

· Total shareholders’ equity of 3,600,000

No dividends in arrears. What is the book value per share – ordinary?
 
a. P520.00
b. P580.00
c. P510.00
d. P818.00
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