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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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