How much is the book value per ordinary share assuming that preference shares are cumulative and fully participating?
How much is the book value per ordinary share assuming that preference shares are cumulative and fully participating?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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11
Data relating to the shareholders’ equity of ABC Co. during December 31 are as follows:
8%
Ordinary share, 26,000 shares – P 1,040,000
Treasury ordinary shares (1,000 shares at cost) – P 70,000
Dividends are in arrears for four years.
How much is the book value per ordinary share assuming that preference shares are cumulative and fully participating?
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