The shareholder' equity of M Corp on Dec 31, 2021 follows:10% Preference share capital P100 par, 45,000 shares P4,500,000Ordinary share capital, P20 par, 180,000 shares P3,600,000Preference share premiumP1,000,000Ordinary share premiumRetained Earnings P5,480,000Total shareholder's equity P15,480,000P900,000Preference share are non-cumulative with dividends in arrears for 2 years with a liquidationvalue of P110. On December 31, 2021, a cash dividend of P500,000 was declared.What is the book value per share of ordinary share capital?

The dividend in arrears are paid to only cumulative preference shareholders. The book value per…

The shareholder' equity of M Corp on Dec 31, 2021 follows: 10% Preference share capital P100 par, 45,000 shares P4,500,000 Ordinary share capital, P20 par, 180,000 shares P3,600,000 Preference share premium Ordinary share premium P1,000,000 P900,000

The shareholder' equity of M Corp on Dec 31, 2021 follows: 10% Preference share capital P100 par, 45,000 shares P4,500,000 Ordinary share capital, P20 par, 180,000 shares P3,600,000 Preference share premium Ordinary share premium P1,000,000 P900,000

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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