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winter provided the following shareholders’ equity on December 31, 2021: Preference share capital, 10% P50 par (noncumulative and nonparticipating) 1,000,000 Preference share capital, 8% P50 par (cumulative and nonparticipating) 1,500,000 Ordinary share capital, P100 2,500,000 Share premium 500,000 Retained earnings 600,000 Dividends have been paid on the preference share up to December 31, 2018. Book value per 8% preference share

winter provided the following shareholders’ equity on December 31, 2021: Preference share capital, 10% P50 par (noncumulative and nonparticipating) 1,000,000 Preference share capital, 8% P50 par (cumulative and nonparticipating) 1,500,000 Ordinary share capital, P100 2,500,000 Share premium 500,000 Retained earnings 600,000 Dividends have been paid on the preference share up to December 31, 2018. Book value per 8% preference share

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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winter provided the following shareholders’ equity on December 31, 2021:

Preference share capital, 10% P50 par (noncumulative and nonparticipating) 1,000,000

Preference share capital, 8% P50 par (cumulative and nonparticipating) 1,500,000

Ordinary share capital, P100                                                              2,500,000

Share premium                                                                                     500,000

Retained earnings                                                                                600,000

 

Dividends have been paid on the preference share up to December 31, 2018.

 

Book value per 8% preference share

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