SCARLET Corporation has an authorized capital of 10,000 shares of $100 par, 8% cumulative preference share and 20,000 shares of P100 par ordinary share. The equity account balances at December 31, 2021 totaled $1,910,000 broken down as follows: Cumulative preference share capital Ordinary share capital 500,000 1,100,000 Share premium 200,000 Retained earnings 260,000 Treasury share, ordinary, 1,000 shares 150,000 Dividends on preference share are in arrears for 2020 and 2021
SCARLET Corporation has an authorized capital of 10,000 shares of $100 par, 8% cumulative preference share and 20,000 shares of P100 par ordinary share. The equity account balances at December 31, 2021 totaled $1,910,000 broken down as follows: Cumulative preference share capital Ordinary share capital 500,000 1,100,000 Share premium 200,000 Retained earnings 260,000 Treasury share, ordinary, 1,000 shares 150,000 Dividends on preference share are in arrears for 2020 and 2021
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 5MCQ
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How much is the book value per ordinary share on December 31,2021?
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