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Isaw Company showed the following balances in its records as December 31: Current Assets P900,000.00 Current Liabilities 400,000.00 Noncurrent Assets 3,500,000.00 Noncurrent Liabilities 1,000,000.00 Outstanding ordinary shares, January 1 1,200,000 Outstanding ordinary shares, January 31 1,500,000 In June 1, Isaw company issued additional 300,000 shares to fund its investment. How much is the book value per share? (Rounded to 2 decimals)

Isaw Company showed the following balances in its records as December 31: Current Assets P900,000.00 Current Liabilities 400,000.00 Noncurrent Assets 3,500,000.00 Noncurrent Liabilities 1,000,000.00 Outstanding ordinary shares, January 1 1,200,000 Outstanding ordinary shares, January 31 1,500,000 In June 1, Isaw company issued additional 300,000 shares to fund its investment. How much is the book value per share? (Rounded to 2 decimals)

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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Isaw Company showed the following balances in its records as December 31: Current Assets P900,000.00 Current Liabilities 400,000.00 Noncurrent Assets 3,500,000.00 Noncurrent Liabilities 1,000,000.00 Outstanding ordinary shares, January 1 1,200,000 Outstanding ordinary shares, January 31 1,500,000 In June 1, Isaw company issued additional 300,000 shares to fund its investment. How much is the book value per share? (Rounded to 2 decimals)
Transcribed Image Text:Isaw Company showed the following balances in its records as December 31: Current Assets P900,000.00 Current Liabilities 400,000.00 Noncurrent Assets 3,500,000.00 Noncurrent Liabilities 1,000,000.00 Outstanding ordinary shares, January 1 1,200,000 Outstanding ordinary shares, January 31 1,500,000 In June 1, Isaw company issued additional 300,000 shares to fund its investment. How much is the book value per share? (Rounded to 2 decimals)
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