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The shareholders' equity of Orange Company shows the following balances on December 31, 2012:                        10% Preference share capital, cumulative and nonparticipating,                P100 par with a liquidation value of P110, 20,000 shares             P2,000,000            Ordinary share capital, P100 par, 30,000 shares                                              3,000,000   Subscribed ordinary shares        1,000,000                                                                      Subscription receivable                                                                                       600,000            Treasury stock, 5,000 shares, at cost, (common)                                                400,000            Share premium reserve                                                                                       660,000            Retained earnings                                                                                1,360,000   What is the book value per share of ordinary share, assuming preference dividends are in arrears since 2009?       a. 115.50             c. 154.00       b. 132.00                                                         d. 184.80

The shareholders' equity of Orange Company shows the following balances on December 31, 2012:                        10% Preference share capital, cumulative and nonparticipating,                P100 par with a liquidation value of P110, 20,000 shares             P2,000,000            Ordinary share capital, P100 par, 30,000 shares                                              3,000,000   Subscribed ordinary shares        1,000,000                                                                      Subscription receivable                                                                                       600,000            Treasury stock, 5,000 shares, at cost, (common)                                                400,000            Share premium reserve                                                                                       660,000            Retained earnings                                                                                1,360,000   What is the book value per share of ordinary share, assuming preference dividends are in arrears since 2009?       a. 115.50             c. 154.00       b. 132.00                                                         d. 184.80

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 shareholders' equity of Orange Company shows the following balances on December 31, 2012:

           

           10% Preference share capital, cumulative and nonparticipating,

               P100 par with a liquidation value of P110, 20,000 shares             P2,000,000

           Ordinary share capital, P100 par, 30,000 shares                                              3,000,000

 

Subscribed ordinary shares        1,000,000                                                          

           Subscription receivable                                                                                       600,000

           Treasury stock, 5,000 shares, at cost, (common)                                                400,000

           Share premium reserve                                                                                       660,000

           Retained earnings                                                                                1,360,000

 

What is the book value per share of ordinary share, assuming preference dividends are in arrears since 2009?

      a. 115.50             c. 154.00

      b. 132.00                                                     

   d. 184.80

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