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The NiceWay Corporation's statement of financial position shows the total stockholders' equity of P5,000,000 as of December 31, 2019. Required: Compute the book value per share of each class of share capital under each of the following independent assumptions: 1. The company has only one class of shares outstanding: 200,000 ordinary shares, par value P15. 2. The company has two classes of shares outstanding: 10,000 shares of P100 par preference share capital with liquidation value of P120 per share and 100,000 shares of P15 par ordinary share capital.

The NiceWay Corporation's statement of financial position shows the total stockholders' equity of P5,000,000 as of December 31, 2019. Required: Compute the book value per share of each class of share capital under each of the following independent assumptions: 1. The company has only one class of shares outstanding: 200,000 ordinary shares, par value P15. 2. The company has two classes of shares outstanding: 10,000 shares of P100 par preference share capital with liquidation value of P120 per share and 100,000 shares of P15 par ordinary share capital.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The NiceWay Corporation's statement of financial position shows the total stockholders' equity of P5,000,000 as of December 31, 2019. Required: Compute the book value per share of each class of share capital under each of the following independent assumptions: 1. The company has only one class of shares outstanding: 200,000 ordinary shares, par value P15. 2. The company has two classes of shares outstanding: 10,000 shares of P100 par preference share capital with liquidation value of P120 per share and 100,000 shares of P15 par ordinary share capital.
Transcribed Image Text:The NiceWay Corporation's statement of financial position shows the total stockholders' equity of P5,000,000 as of December 31, 2019. Required: Compute the book value per share of each class of share capital under each of the following independent assumptions: 1. The company has only one class of shares outstanding: 200,000 ordinary shares, par value P15. 2. The company has two classes of shares outstanding: 10,000 shares of P100 par preference share capital with liquidation value of P120 per share and 100,000 shares of P15 par ordinary share capital.
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