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

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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