Sabo Company reported the following shareholders’ equity at year end: 6% noncumulative preference share share capital, P100 par, Liquidation value of P105 per share 1,000,000 Ordinary share capital, P100 par 3,000,000 Retained earnings 950,000 Preference dividends have been paid up to December 31, 2020. What is the book value per ordinary share?
Sabo Company reported the following shareholders’ equity at year end: 6% noncumulative preference share share capital, P100 par, Liquidation value of P105 per share 1,000,000 Ordinary share capital, P100 par 3,000,000 Retained earnings 950,000 Preference dividends have been paid up to December 31, 2020. What is the book value per ordinary share?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Sabo Company reported the following shareholders’ equity at year end:
6% noncumulative
Liquidation value of P105 per share 1,000,000
Ordinary share capital, P100 par 3,000,000
Retained earnings 950,000
Preference dividends have been paid up to December 31, 2020.
What is the book value per ordinary share?
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