LABAN Company provided the following shareholders’ equity on December 31, 2020: Preference share capital, 12% P100 par 1,000,000 Ordinary share capital, P100 4,000,000 Share premium 2,000,000 Retained Earnings 1,000,000 Dividends have been paid on the preference share up to December 31, 2017. Required: Compute the book value per ordinary share and per preference share under each of the following conditions with respect to preference share: a) Cumulative and fully participating b) Cumulative and fully participating after ordinary share receives 15% c) Cumulative and participating up to 16%
LABAN Company provided the following shareholders’ equity on December 31, 2020: Preference share capital, 12% P100 par 1,000,000 Ordinary share capital, P100 4,000,000 Share premium 2,000,000 Retained Earnings 1,000,000 Dividends have been paid on the preference share up to December 31, 2017. Required: Compute the book value per ordinary share and per preference share under each of the following conditions with respect to preference share: a) Cumulative and fully participating b) Cumulative and fully participating after ordinary share receives 15% c) Cumulative and participating up to 16%
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 19P: Anoka Company reported the following selected items in the shareholders equity section of its...
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LABAN Company provided the following shareholders’ equity on December 31, 2020:
1,000,000
Ordinary share capital, P100
4,000,000
Share premium
2,000,000
1,000,000
Dividends have been paid on the preference share up to December 31, 2017.
Required:
Compute the book value per ordinary share and per preference share under each of the
following conditions with respect to preference share:
a) Cumulative and fully participating
b) Cumulative and fully participating after ordinary share receives 15%
c) Cumulative and participating up to 16%
d) Cumulative and non-participating
e) Noncumulative and non-participating
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