Please show your solution in good accounting form. Thank you! Book value per share The shareholders’ equity of DEF Corporation on December 31 of the current year is shown below. Dividends are in arrears for two years. 6% Preference Share Capital, ₱100 par, 10,000 authorized, issued 6,000 shares ₱ 600,000 Ordinary Share Capital No-par, ₱25 stated value, authorized 20,000 shares; issued 10,000 shares of which 1,000 shares are in the treasury 250,000 Share Premium – Ordinary, no-par 46,000 Share Premium – Preference 30,000 Accumulated Profits 132,000 Appropriated for Plant Expansion 35,000 Appropriated for Treasury Shares 30,000 Treasury Shares – ordinary no-par, 1,000 sh. at cost 30,000 Requirements: Compute for the book value per share for: Compute for the outstanding shares Compute the amount of the outstanding shares Compute the excess over par Compute for the book value per share
Please show your solution in good accounting form. Thank you!
Book value per share
The shareholders’ equity of DEF Corporation on December 31 of the current year is shown below. Dividends are in arrears for two years.
|
6% |
₱ 600,000 |
|
Ordinary Share Capital No-par, ₱25 stated value, authorized 20,000 shares; issued 10,000 shares of which 1,000 shares are in the treasury |
250,000 |
|
Share Premium – Ordinary, no-par |
46,000 |
|
Share Premium – Preference |
30,000 |
|
|
132,000 |
|
Appropriated for Plant Expansion |
35,000 |
|
Appropriated for Treasury Shares |
30,000 |
|
Treasury Shares – ordinary no-par, 1,000 sh. at cost |
30,000 |
Requirements: Compute for the book value per share for:
- Compute for the outstanding shares
- Compute the amount of the outstanding shares
- Compute the excess over par
- Compute for the book value per share
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