On December 31, 2021, WHITE Company reports the following amounts in its shareholders' equity section: Ordinary Shares, P2,400,000; Share Premium in excess of stated value, P900,000; Accumulated Profits, P1,180,000; Treasury Shares-ordinary, P180,000. The ordinary share has a stated value of P50 per share. Two hundred thousand shares of ordinary are authorized, and 4,000 shares are held in the treasury.

On December 31, 2021, WHITE Company reports the following amounts in its shareholders' equity section: Ordinary Shares, P2,400,000; Share Premium in excess of stated value, P900,000; Accumulated Profits, P1,180,000; Treasury Shares-ordinary, P180,000. The ordinary share has a stated value of P50 per share. Two hundred thousand shares of ordinary are authorized, and 4,000 shares are held in the treasury.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 5MCQ

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Question

Compute the book value per share of the ordinary share. (Present answer in 2 decimal places, example: xx.xx)

On December 31, 2021, WHITE Company reports the following amounts in its shareholders' equity section:
Ordinary Shares, P2,400,000; Share Premium in excess of stated value, P900,000; Accumulated Profits,
P1,180,000; Treasury Shares-ordinary, P180,000. The ordinary share has a stated value of P50 per share. Two
hundred thousand shares of ordinary are authorized, and 4,000 shares are held in the treasury.

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