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
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, 8% P50 par (cumulative and nonparticipating) 1,500,000
Ordinary share capital, P100 2,500,000
Share premium 500,000
Dividends have been paid on the preference share up to December 31, 2018.
Book value per 8% preference share
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