TINT Corporation presents the following condensed statement of financial position as of the close of the year: P 550,000 Accounts Payable Ordinary Share Capital 5% Preference Share Capital 7% Preference Share Capital Cash 520,000 1,333,000 Other Assets 550,000 330,000 220,000 Accumulated Profits P 1,853,000 203,000 P 1,853,000 Total Assets Total Equities The 5% preference share capital is cumulative, the 7% preference share capital is non-cumulative, but both are fully participating. The par value of all shares is P100.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Compute for the book value per share for: 5. Ordinary shares 6. Preference shares
TINT Corporation presents the following condensed statement of financial position as of the close of the year:
Cash
Accounts Payable
Ordinary Share Capital
5% Preference Share Capital
7% Preference Share Capital
520,000
550,000
Other Assets
1,333,000
550,000
330,000
220,000
Accumulated Profits
203,000
P 1,853,000
Total Assets
P 1,853,000
Total Equities
The 5% preference share capital is cumulative, the 7% preference share capital is non-cumulative, but both are
fully participating. The par value of all shares is P100.
Transcribed Image Text:TINT Corporation presents the following condensed statement of financial position as of the close of the year: Cash Accounts Payable Ordinary Share Capital 5% Preference Share Capital 7% Preference Share Capital 520,000 550,000 Other Assets 1,333,000 550,000 330,000 220,000 Accumulated Profits 203,000 P 1,853,000 Total Assets P 1,853,000 Total Equities The 5% preference share capital is cumulative, the 7% preference share capital is non-cumulative, but both are fully participating. The par value of all shares is P100.
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