Answer and show your solution. Chapter 9- Operations, Dividends, Book Value per Share, and Earnings per SharePreference shares are cumulative with dividends in arrears for 5 years at thebeginning of 2010 and with a liquidation value of P120.What is the book value per share of preference share capital?a.P100с.P170b. P120d.P180 The shareholders' equity of NNN Company on December 31, 2014 follows:10% Preference Share Capital, P100 parOrdinary Share Capital, P60 par SPreference Share PremiumOrdinary Share PremiumRetained EarningsTotal Shareholders' Equity3,000P 500,0003,000,00050,000250,000300,000P4,100,000

shareholders' equity of NNN Company on December 31, 2014 follows: calculation of Book value of per…

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Business

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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

Production Budget

A budget can be defined as a financial plan designed by an undertaking for a definite period in the future that can contribute towards enhancing the financial success of the business undertaking. It is used to estimate the revenue and expenses. The budget generally takes into account both current and future income and expenses.

Question

Answer and show your solution.

Chapter 9- Operations, Dividends, Book Value per Share, and Earnings per Share
Preference shares are cumulative with dividends in arrears for 5 years at the
beginning of 2010 and with a liquidation value of P120.
What is the book value per share of preference share capital?
a.
P100
с.
P170
b. P120
d.
P180

The shareholders' equity of NNN Company on December 31, 2014 follows:
10% Preference Share Capital, P100 par
Ordinary Share Capital, P60 par S
Preference Share Premium
Ordinary Share Premium
Retained Earnings
Total Shareholders' Equity
3,000
P 500,000
3,000,000
50,000
250,000
300,000
P4,100,000

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