TINT Corporation presents the following condensed statement of financial position as of the close of the year: Cash ₱ 520,000 Accounts Payable ₱ 550,000 Other Assets 1,333,000 Ordinary Share Capital 550,000 5% Preference Share Capital 330,000 7% Preference Share Capital 220,000 Accumulated Profits 203,000 Total Assets ₱ 1,853,000 Total Equities ₱ 1,853,000 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 ₱100. Requirements: Compute for the book value per share for: Ordinary shares Preference shares
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Problem 1: Book value per share with two classes of preference shares
TINT Corporation presents the following condensed
|
Cash |
₱ 520,000 |
|
Accounts Payable |
₱ 550,000 |
|
Other Assets |
1,333,000 |
|
Ordinary Share Capital |
550,000 |
|
|
|
|
5% |
330,000 |
|
|
|
|
7% Preference Share Capital |
220,000 |
|
|
|
|
|
203,000 |
|
Total Assets |
₱ 1,853,000 |
|
Total Equities |
₱ 1,853,000 |
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 ₱100.
Requirements: Compute for the book value per share for:
- Ordinary shares
- Preference shares
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