The shareholder’s equity of MI Company on December 31, 2020 has the following balances: ·         Preference Share Capital, 10% cumulative, P100 par, 50,000 issued shares: P5,000,000 ·         Ordinary Share Capital, P100 par, 200,000 issued shares: 20,000,000 ·         Subscribed Ordinary Shares, net of subscription receivable of P4,000,000 (100,000 subscribed shares): 6,000,000 ·         Treasury Ordinary Shares, at cost (50,000 shares): 4,000,000 ·         Share Premium: 10,000,000 ·         Retained Earnings: 8,000,000 Preference dividends have not been paid for three years and have a liquidation value of P110. The book value per ordinary share is:     a. 168 b. 152 c. 166 d. 210

At 31 December 2019, B Plc had post-tax profits was $2,500,000 and had an issued share capital of $2,000,000 comprising 2,000,000 ordinary shares of 50p each and 1,000,000 $1 10% preference shares that are classified as equity. Assume that the post-tax profits for 2018 and 2019 were same at $ 2,500,000. The time-weighted number of shares was as follows: No. of Shares Shares (nominal value 50p) in issue at 01 January 2019 2,000,000 Shares issued for cash at market price on 30 September 2019 1,000,000 On 30 September 2019, B plc made a right issue of one share for every two shares (i.e one new share for every two shares held) at $3.25 per share. The following information is also given for B Plc as at 31 December 2019: Share option in existence 1,000,000 shares issuable in 2020 at $3.25 per share. An average market price per share of $4%; 1. Convertible 8% preference shares of $1 each totaling $2,000,000 convertible at one ordinary share for every five convertible preference shares. 2.…