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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.

FINANCIAL ACCOUNTING
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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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.
Transcribed Image Text: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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