On December 31, 2022 the balance sheet of DIYON Co. disclosed total assets of P8,000,000, current liabilities of P1,500,000 and long-term debt of P2,400,000. Ordinary shares outstanding amounte to 500,000 shares. The retained earnings account indicated a deficit balance of P2,000,000. DIYON Co.’s book value per ordinary share as of December 31, 2022 is Answer Format: 1.11
On December 31, 2022 the balance sheet of DIYON Co. disclosed total assets of P8,000,000, current liabilities of P1,500,000 and long-term debt of P2,400,000. Ordinary shares outstanding amounte to 500,000 shares. The retained earnings account indicated a deficit balance of P2,000,000. DIYON Co.’s book value per ordinary share as of December 31, 2022 is Answer Format: 1.11
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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On December 31, 2022 the balance sheet of DIYON Co. disclosed total assets of P8,000,000, current liabilities of P1,500,000 and long-term debt of P2,400,000. Ordinary shares outstanding amounte to 500,000 shares. The retained earnings account indicated a deficit balance of P2,000,000. DIYON Co.’s book value per ordinary share as of December 31, 2022 is
Answer Format: 1.11
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