On December 31, 2021, the statement of financial position of FRUITS Company showed the following shareholders equity accounts: • Ordinary shares, par P50, authorized 100,000 shares, issued 85,000 shares, in treasury 7,500 shares - P4,250,000 12% Preference shares, par P75, authorized 50,000 shares, issued 20,000 shares, in treasury 4,000 shares-P1,500,000
9A. How much is the excess of par to be used for book value per share computation?
9B. How much is the BOOK VALUE PER SHARE for
On December 31, 2021, the statement of financial position of FRUITS Company showed the following shareholders equity accounts:
• Ordinary shares, par P50, authorized 100,000 shares, issued 85,000 shares, in treasury 7,500 shares - P4,250,000
12% Preference shares, par P75, authorized 50,000 shares, issued 20,000 shares, in
treasury 4,000 shares-P1,500,000
Share premium in excess of par-P 862,500
. Reserve for Treasury shares - 725,000 • Treasury ordinary shares-435,000, Treasury preference shares-P 290,000
• Retained earnings, unrestricted-P 2,168,000
Net income for the year - 762,000
Cash dividends declared - P 194,000; 2 years in arrears, current year is not yet included.
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