Ordinary share capital, 50 000 shares, P100 par 5 000 000 retained earnings 2 240 000 share premium 1 500 000 the 12% preference share is cumulative and participating. the 14% preference share is noncumulatie and participating. dividends are in arrearsfor 3 years. the 12% preference share is conertible. each 12% preference share can be converted to 2 ordinary shares. ordinary shares outstanding on January 1,2019 were 25,000 shares. 15 000 shares were issued on July 1, while another 10 000 shares were issued on October 1. the issuance during the year was all at par. net income for the year was P3 500 000. dividends declared for the year only pertain to preference shares. No dividends were declared for ordinary shares. the preference shares were outstanding at the beginning of the year 1. what is the book value per ordinary share? a.P132 b.126 c.100 d.112 2. What is the basic earnings per share? a. 56.80 b.93.14 c.81.14 d.100
Ordinary share capital, 50 000 shares, P100 par 5 000 000 retained earnings 2 240 000 share premium 1 500 000 the 12% preference share is cumulative and participating. the 14% preference share is noncumulatie and participating. dividends are in arrearsfor 3 years. the 12% preference share is conertible. each 12% preference share can be converted to 2 ordinary shares. ordinary shares outstanding on January 1,2019 were 25,000 shares. 15 000 shares were issued on July 1, while another 10 000 shares were issued on October 1. the issuance during the year was all at par. net income for the year was P3 500 000. dividends declared for the year only pertain to preference shares. No dividends were declared for ordinary shares. the preference shares were outstanding at the beginning of the year 1. what is the book value per ordinary share? a.P132 b.126 c.100 d.112 2. What is the basic earnings per share? a. 56.80 b.93.14 c.81.14 d.100
Ordinary share capital, 50 000 shares, P100 par 5 000 000 retained earnings 2 240 000 share premium 1 500 000 the 12% preference share is cumulative and participating. the 14% preference share is noncumulatie and participating. dividends are in arrearsfor 3 years. the 12% preference share is conertible. each 12% preference share can be converted to 2 ordinary shares. ordinary shares outstanding on January 1,2019 were 25,000 shares. 15 000 shares were issued on July 1, while another 10 000 shares were issued on October 1. the issuance during the year was all at par. net income for the year was P3 500 000. dividends declared for the year only pertain to preference shares. No dividends were declared for ordinary shares. the preference shares were outstanding at the beginning of the year 1. what is the book value per ordinary share? a.P132 b.126 c.100 d.112 2. What is the basic earnings per share? a. 56.80 b.93.14 c.81.14 d.100
KAHITPUMASALANGOKAYNA CORPORATION provided the following data on December 31,2019 12% preference share capital, 20 000 shares, P100 par 2 000 000 14% preference share capital, 10 000 shares, P300 par 3 000 000 Ordinary share capital, 50 000 shares, P100 par 5 000 000 retained earnings 2 240 000 share premium 1 500 000
the 12% preference share is cumulative and participating. the 14% preference share is noncumulatie and participating. dividends are in arrearsfor 3 years. the 12% preference share is conertible. each 12% preference share can be converted to 2 ordinary shares. ordinary shares outstanding on January 1,2019 were 25,000 shares. 15 000 shares were issued on July 1, while another 10 000 shares were issued on October 1. the issuance during the year was all at par. net income for the year was P3 500 000. dividends declared for the year only pertain to preference shares. No dividends were declared for ordinary shares. the preference shares were outstanding at the beginning of the year
1. what is the book value per ordinary share? a.P132 b.126 c.100 d.112
2. What is the basic earnings per share? a. 56.80 b.93.14 c.81.14 d.100
Definition Definition Type of stock which is granted priority over dividend distributions as compared to common stockholders. Preferred stocks also do not carry any voting rights. Notably, in a case where a company is going to be liquidated, preferred stockholders have a priority claim on the value of assets of the company as quoted in the balance sheet, as compared to the common stockholders.
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