Problem 2: (Book Value per share with Two Classes of Preference Shares) TINT Corporation presents the following condensed statement of financial position as of the close of the year: P 520,000 > 550,000 Accounts Payable Ordinary Share Capital 5% Preference Share Capital 7% Preference Share Capital Cash 550,000 330,000 Other Assets 1,333,000 220,000 Accumulated Profits 203,000 P1,853,000 Total Assets P 1,853,000 Total Equities The 5% preference share capital is cumulative, the 7% preference share capital is non-cumulative, but both are fully participating. The par value of all shares is P100. Requirements: C. Compute for the book value per share for: 5. Ordinary shares 6. Preference shares
Problem 2: (Book Value per share with Two Classes of Preference Shares) TINT Corporation presents the following condensed statement of financial position as of the close of the year: P 520,000 > 550,000 Accounts Payable Ordinary Share Capital 5% Preference Share Capital 7% Preference Share Capital Cash 550,000 330,000 Other Assets 1,333,000 220,000 Accumulated Profits 203,000 P1,853,000 Total Assets P 1,853,000 Total Equities The 5% preference share capital is cumulative, the 7% preference share capital is non-cumulative, but both are fully participating. The par value of all shares is P100. Requirements: C. Compute for the book value per share for: 5. Ordinary shares 6. Preference shares
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Problem 2: (Book Value per share with Two Classes of Preference Shares)
TINT Corporation presents the following condensed statement of financial position as of the close of the year:
Cash
P 520,000
P 550,000
Accounts Payable
Ordinary Share Capital
5% Preference Share Capital
7% Preference Share Capital
Other Assets
1,333,000
550,000
330,000
220,000
Accumulated Profits
203,000
P1,853,000
Total Assets
P 1,853,000
Total Equities
The 5% preference share capital is cumulative, the 7% preference share capital is non-cumulative, but both are
fully participating. The par value of all shares is P100.
Requirements:
C. Compute for the book value per share for:
5. Ordinary shares
6. Preference shares
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