rdinary share cap

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Shaina company reported the following shareholders’ equity on December 31, 2019:
Preference share capital, 10% cumulative and non participating, 
P100 par, 10,000 shares 
P1,000,000
Ordinary share capital, P100 par, 20,000 shares 2,000,000
Subscribed ordinary share capital, 10,000 shares 1,000,000
Subscriptions receivable 250,000
Share Premium 500,000
Retained Earnings 1,200,000
Treasury ordinary shares, 5,000 at cost 400,000 
The preference dividends are in arrears for 2017, 2018 and 2019. 
a. What is the book value per ordinary share? 
b. What is the book value per preference share? 

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