s of December 31: Current Assets- P1,880,000 Current Liabilities- P550,000 Non-current Assets- P2,000,000 Non-current Liabilities- P1,450,000 Outstanding ordinary shares, beginning- 1,200,000 Outstanding ordinary shares, ending- 1,650,000 IamLearning Corporation issued additional 300,000 ordinary shares on June 1 and another 150,000 ordinary shares on Nov 1 as part of its financing plan. What is the book value per share of IamLearning Corporation as of December 31? a. Php1.37 b. Php1.18 c. Php1.34
s of December 31: Current Assets- P1,880,000 Current Liabilities- P550,000 Non-current Assets- P2,000,000 Non-current Liabilities- P1,450,000 Outstanding ordinary shares, beginning- 1,200,000 Outstanding ordinary shares, ending- 1,650,000 IamLearning Corporation issued additional 300,000 ordinary shares on June 1 and another 150,000 ordinary shares on Nov 1 as part of its financing plan. What is the book value per share of IamLearning Corporation as of December 31? a. Php1.37 b. Php1.18 c. Php1.34
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
IamLearning Corporation showed the following balances in its financial records as of December 31:
Current Assets- P1,880,000
Current Liabilities- P550,000
Non-current Assets- P2,000,000
Non-current Liabilities- P1,450,000
Outstanding ordinary shares, beginning- 1,200,000
Outstanding ordinary shares, ending- 1,650,000
IamLearning Corporation issued additional 300,000 ordinary shares on June 1 and another 150,000 ordinary shares on Nov 1 as part of its financing plan. What is the book value per share of IamLearning Corporation as of December 31?
a. Php1.37
b. Php1.18
c. Php1.34
d. Php0.94
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Recommended textbooks for you
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education