Willy Company's equity balances on December 31, 2020 are: 10% noncumulative preference share capital, P100 par, 100,000 shares Ordinary share capital, P100 par value, 500,000 shares Retained earnings Dividends in arrears on the preference shares are for 5 years. If the colpany were to be liquidated, the preference shareholders would receive par plus a premium of P1,000,000. The book value per share of ordinary shares is P10,000,000 50,000,000 15,000,000
Willy Company's equity balances on December 31, 2020 are: 10% noncumulative preference share capital, P100 par, 100,000 shares Ordinary share capital, P100 par value, 500,000 shares Retained earnings Dividends in arrears on the preference shares are for 5 years. If the colpany were to be liquidated, the preference shareholders would receive par plus a premium of P1,000,000. The book value per share of ordinary shares is P10,000,000 50,000,000 15,000,000
Chapter1: Financial Statements And Business Decisions
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