a. P25.00b. P26.40c. P27.20d. P29.00e. answer not given 9. ABC Co. reported this shareholders' equity on December 31,2020:8%, Cumulative preference share, 20,000 shares P1,000,000Ordinary share capital, P25 parRetained Earnings2,500,000400,000Dividends on preference shares have been paid thru 2018 buthave not been declared for 2019 and 2020. IF the preferenceshares have liquidating value of P55 per share, what is the bookvalue per ordinary share?

Shares are issued by companies to finance their business by pooling money from the market. The…

Answered: lnquidating value of P55 per share,…

Business

Accounting

lnquidating value of P55 per share, what is the book value per ordinary share?

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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Concept explainers

Present Value

Present value (PV) is defined as the current or present value of all future sums of cash flow or money at a specified rate of return. This rate of return is known as the discounted rate, which is essentially the interest rate, discounted over some time. The expected cash flows are discounted at a discount rate to compute the present value. The higher the discount rate, the higher the future value (FV), but the lower the present value.

Question

a. P25.00

b. P26.40

c. P27.20

d. P29.00

e. answer not given

9. ABC Co. reported this shareholders' equity on December 31,2020:
8%, Cumulative preference share, 20,000 shares P1,000,000
Ordinary share capital, P25 par
Retained Earnings
2,500,000
400,000
Dividends on preference shares have been paid thru 2018 but
have not been declared for 2019 and 2020. IF the preference
shares have liquidating value of P55 per share, what is the book
value per ordinary share?

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