Problem 3: (Book Value per share) The shareholders' equity of HUE Corporation on December 31 of the current year is shown below. Dividends are in arrears for two years. 6% Preference Share Capital, P100 par, 10,000 authorized, issued 6,000 shares P 600,000 Ordinary Share Capital No-par, P25 stated value, authorized 20,000 shares; issued 10,000 shares of which 1,000 shares are in the treasury Share Premium - Ordinary, no-par 250,000 46,000 Share Premium – Preference 30,000 132,000 35,000 30,000 30,000 Accumulated Profits Appropriated for Plant Expansion Appropriated for Treasury Shares Treasury Shares - ordinary no-par, 1,000 sh. at cost Requirements: D. Compute for the book value per share for: 7. Compute for the outstanding shares 8. Compute the amount of the outstanding shares 9. Compute the excess over par 10. Compute for the book value per share
Problem 3: (Book Value per share) The shareholders' equity of HUE Corporation on December 31 of the current year is shown below. Dividends are in arrears for two years. 6% Preference Share Capital, P100 par, 10,000 authorized, issued 6,000 shares P 600,000 Ordinary Share Capital No-par, P25 stated value, authorized 20,000 shares; issued 10,000 shares of which 1,000 shares are in the treasury Share Premium - Ordinary, no-par 250,000 46,000 Share Premium – Preference 30,000 132,000 35,000 30,000 30,000 Accumulated Profits Appropriated for Plant Expansion Appropriated for Treasury Shares Treasury Shares - ordinary no-par, 1,000 sh. at cost Requirements: D. Compute for the book value per share for: 7. Compute for the outstanding shares 8. Compute the amount of the outstanding shares 9. Compute the excess over par 10. Compute for the book value per share
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:Problem 3: (Book Value per share)
The shareholders' equity of HUE Corporation on December 31 of the current year is shown below. Dividends
are in arrears for two years.
P 600,000
6% Preference Share Capital, P100 par, 10,000 authorized, issued 6,000 shares
Ordinary Share Capital No-par, P25 stated value, authorized 20,000 shares;
issued 10,000 shares of which 1,000 shares are in the treasury
Share Premium – Ordinary, no-par
Share Premium – Preference
250,000
46,000
30,000
132,000
35,000
Accumulated Profits
Appropriated for Plant Expansion
Appropriated for Treasury Shares
Treasury Shares – ordinary no-par, 1,000 sh. at cost
30,000
30,000
Requirements:
D. Compute for the book value per share for:
7. Compute for the outstanding shares
8. Compute the amount of the outstanding shares
9. Compute the excess over par
10. Compute for the book value per share
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