Question
1. The shareholder's equity of Northern Finance Inc. shows the following accounts: Share Capital, P150 par value, 5,000 shares P 500, 000 Shared Premium 100,
1. The shareholder's equity of Northern Finance Inc. shows the following accounts:
| Share Capital, P150 par value, 5,000 shares | P 500, 000 |
| Shared Premium | 100, 000 |
| Retained Earnings | 360, 000 |
The net income during the year is P120,000
A. Compute the book value per share
B. Compute the EPS.
2. The shareholder's equity section of the balance sheet of Southern Motors Corporation shows the following accounts.
| Share Capital, P40 par value, 15,000 shares issued (of which 3,000 are treasury shares) | P 600, 000 |
| Share Premium | 50, 000 |
| Retained Earnings | 310, 000 |
| Treasury Shares | 96, 000 |
The net profit for the year is P150,000
A. Compute the book value per share
B. Compute the EPS
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Proli Footwear Inc An Audit And Fraud Simulation For Team Based Student Learning
Authors: Prof Richard J. Proctor CPA, Prof Patricia M. Poli Phd
2nd Edition
0615455492, 978-0615455495
