Makati Corporation’s current balance sheet reports the following shareholder’s equity balances: 5% cumulative preference share, P100 par value, 2,500 shares issued and outstanding P 250,000 Ordinary share, P3.50 par value, 100,000 shares issued and outstanding 350, 000 Share Premium 125,000 Retained Earnings 300,000 Dividends in arrears on the preference share amount to P25, 000. If Makati were to be liquidated, the preference shareholders would receive par value plus a premium of P50,000. The book value per share is a. P7.75 b. P7.50 c. P7.25 d. P7.00

Makati Corporation’s current balance sheet reports the following shareholder’s equity balances: 5% cumulative preference share, P100 par value, 2,500 shares issued and outstanding P 250,000 Ordinary share, P3.50 par value, 100,000 shares issued and outstanding 350, 000 Share Premium 125,000 Retained Earnings 300,000 Dividends in arrears on the preference share amount to P25, 000. If Makati were to be liquidated, the preference shareholders would receive par value plus a premium of P50,000. The book value per share is a. P7.75 b. P7.50 c. P7.25 d. P7.00

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

(b) The owners' equity account for Rantuil Utilities Berhad are shown below: Common Share (RM2 par) Capital Surplus Retained earnings Total shareholder's equity RM30,000 RM285,000 RM648,100 RM963,100 If Rantuil Utilities Berhad currently sells for RM30 per share and a 10 percent share dividend is declared, i. Determine the number of new shares that will be distributed. ii. Reconstruct new owners' equity account for Rantuil Utilities Berhad.
The Shareholders' Equity section of BFAR Corp. statement of financial position shows the following: Preference Share Capital, P100 par Ordinary Share Capital, P10 par Treasury Shares - ordinary, P12 cost/share Share Premium - Ordinary Share Premium - Preference Subscribed Ordinary Share Capital Subscription Receivable (2 years collectability) Share Premium on Subscribed Ordinary shares Share Premium on Treasury shares Accumulated Profits - Unappropriated (unadjusted) - beg 2,800,000 6,000,000 960,000 1,640,000 1,020,000 750,000 600,000 625,000 610,000 7,040,000 Dividends declared during the year is P500,000. Profit for the year is P800,000. Compute the Total Shareholders' Equity.
How much is the BOOK VALUE PER SHARE for PREFERENCE shares considering that the preference shares are cumulative and participating?
The owners’ equity account for Rantuil Utilities Berhad are shown below: Common Share (RM2 par) - RM30,000Capital Surplus - RM285,000Retained earnings - RM648,100Total shareholder’s equity - RM963,100 If Rantuil Utilities Berhad currently sells for RM30 per share and a 10 percent share dividend is declared,i. Determine the number of new shares that will be distributed.ii. Reconstruct new owners’ equity account for Rantuil Utilities Berhad.
How much will be the total shareholders' equity from the following: 6% Preference shares, P50 par, 10,000 shares authorized, 6,000 shares issued. Ordinary shares, P10 par, 80,000 shares authorized, 50,000 shares issued. Ordinary Share Premium - P120,000 Paid-in capital in excess of par, preference shares - P90,000 Retained earnings, Beg. Balance - P86,000 Net income for the year - P145,000 Cash dividend declared and paid -P70,000 Treasury Stock, 350 Ordinary shares, at Cost - P8,400
In Munn's Shareholders' equity, how many preference shares are outstanding?
Gordon Corporation reported the following equity section on its current balance sheet. The common stock is currently selling for OMR 11.50 per share. Common stock, OMR 5 par, 100,000 shares authorized, 40,000 shares issued OMR 200,000 Paid in capital in excess of par—common 120,000 Retained earnings 290,000 Total stockholders' equity OMR 610,000 If the company declared and issued 10% stock dividend? What will the number of issued shares Select one: a. 20,000 shares b. 44,000 shares c. 40,000 shares d. 4,000 shares
In Munn's Shareholders' equity, how many ordinary shares are outstanding?
At December 31, the stockholders' equity section shows: Ordinary share capital, P5 par value; 1,320,000 shares issued and 1,200,000 shares outstanding P6,600,000 Share Premium P1,400,000 Retained earnings P500,000 Treasury shares, (120,000 shares) P700,000 Total shareholders' equity P7,800,000. How much is the book value per share?