PROBLEM 30-5 ( AICPA ADAPTED ) At the beginning of current year , Trojan Company was organized with the following capital structure : 10 % cumulative preference share capital , par value P10 , liquidation value P12 authorized , issue and outstanding 100,000 shares , P1, 000,000 Ordinary share capital , par value P100 , authorized 40,000 shares , issued and outstanding 30,000 shares , P3 , 000,000 The net income for the current year was P6 , 000,000 and no dividends were declared. What is the book value per ordinary share ? 290 293 300
PROBLEM 30-5 ( AICPA ADAPTED ) At the beginning of current year , Trojan Company was organized with the following capital structure : 10 % cumulative preference share capital , par value P10 , liquidation value P12 authorized , issue and outstanding 100,000 shares , P1, 000,000 Ordinary share capital , par value P100 , authorized 40,000 shares , issued and outstanding 30,000 shares , P3 , 000,000 The net income for the current year was P6 , 000,000 and no dividends were declared. What is the book value per ordinary share ? 290 293 300
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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1. What amount should be reported as book value per ordinary share?
2. What amount should be reported as book value per preference share ?
Transcribed Image Text:PROBLEM 30-5 (AICPA ADAPTED ) At the
beginning of current year , Trojan Company was
organized with the following capital structure : 10
% cumulative preference share capital , par value
P10 , liquidation value P12 authorized , issue and
outstanding 100,000 shares , P1, 000,000
Ordinary share capital , par value P100 , authorized
40,000 shares , issued and outstanding 30,000
shares , P3 , 000,000 The net income for the
current year was P6 , 000,000 and no dividends
were declared. What is the book value per ordinary
share ? 290 293 300
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