The ABC Company began operations in January 2018 and reported the following results for each of its three years of operations: 2018 799,500 net loss 123,000 net loss net income At December 31, 2020, ABC Company's capital accounts were as follows: 8% cumulative preference share capital, 50,000 shares issued and outstanding - P 7,687,500 2019- 2020-2,460,000 Ordinary share capital, 750,000 shares issued and outstanding - P 31,518,750 ABC Company has never paid a cash or bonus issue and there has been no change in its capital accounts since it began operations in 2018. What is the book value per preference share at December 31, 2020? Group of answer choices O 189.44 O 184.50 O 190.65 O 191.65
The ABC Company began operations in January 2018 and reported the following results for each of its three years of operations: 2018 799,500 net loss 123,000 net loss net income At December 31, 2020, ABC Company's capital accounts were as follows: 8% cumulative preference share capital, 50,000 shares issued and outstanding - P 7,687,500 2019- 2020-2,460,000 Ordinary share capital, 750,000 shares issued and outstanding - P 31,518,750 ABC Company has never paid a cash or bonus issue and there has been no change in its capital accounts since it began operations in 2018. What is the book value per preference share at December 31, 2020? Group of answer choices O 189.44 O 184.50 O 190.65 O 191.65
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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#6
Transcribed Image Text:MA ▸ 61 pts
3:51 PM
The ABC Company began operations in
January 2018 and reported the following
results for each of its three years of
operations:
2018 - 799,500 net loss
123,000 net loss
net income
At December 31, 2020, ABC Company's
capital accounts were as follows:
8% cumulative preference share capital,
50,000 shares issued and outstanding - P
7,687,500
Ordinary share capital, 750,000 shares
issued and outstanding - P 31,518,750
2019-
20202,460,000
ABC Company has never paid a cash or
bonus issue and there has been no change
in its capital accounts since it began
operations in 2018.
What is the book value per preference
share at December 31, 2020?
Group of answer choices
189.44
83
184.50
O
190.65
191.65
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