he net income for the year ended December 31, 2020 was P6,000,000 and no dividends were declared. What is the December 31, 2020 book value per ordinary shares? (Round answer to a whole number
he net income for the year ended December 31, 2020 was P6,000,000 and no dividends were declared. What is the December 31, 2020 book value per ordinary shares? (Round answer to a whole number
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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ABC Company was organized on January 1, 2020 with the following capital structure:
10% cumulative
Ordinary share capital, par value P100, authorized 40,000 shares, issued and outstanding 30,000 shares, P3,000,000
The net income for the year ended December 31, 2020 was P6,000,000 and no dividends were declared.
What is the December 31, 2020 book value per ordinary shares? (Round answer to a whole number)
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