Riley Company paid cash dividends of P840,000 and reported net income of P2,170,000. The ordinary shareholders equity at year-end was P7,000,000 and the entity had 280,000 ordinary shares outstanding. What is the book value per ordinary share?

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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1 Riley Company paid cash dividends of P840,000 and reported net income of P2,170,000. The ordinary shareholders
equity at year-end was P7,000,000 and the entity had 280,000 ordinary shares outstanding. What is the book value per
ordinary share?
2 Jacob Company provided the following sharcholders' equity on December 31, 2020:
Cumulative preference share capital, P100 par, 8%
Ordinary share capital, P100 par
Share premium
Retained camings
Treasury ordinary shares - 1,500 at cost
Dividends on preference shares are in arrears for 2019 and 2020. What is the book value of an ordinary share on
December 31, 2020?
P750,000
1,650,000
300,000
390,000
(225,000)
Transcribed Image Text:1 Riley Company paid cash dividends of P840,000 and reported net income of P2,170,000. The ordinary shareholders equity at year-end was P7,000,000 and the entity had 280,000 ordinary shares outstanding. What is the book value per ordinary share? 2 Jacob Company provided the following sharcholders' equity on December 31, 2020: Cumulative preference share capital, P100 par, 8% Ordinary share capital, P100 par Share premium Retained camings Treasury ordinary shares - 1,500 at cost Dividends on preference shares are in arrears for 2019 and 2020. What is the book value of an ordinary share on December 31, 2020? P750,000 1,650,000 300,000 390,000 (225,000)
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