Question
6 *At December 31, the shareholders' equity section shows: Ordinary share, P5 par value P6,600,000 Additional paid-in capital 1,400,000 Retained earnings 500,000 Treasury stock, (120,000
6 *At December 31, the shareholders' equity section shows:
Ordinary share, P5 par value P6,600,000
Additional paid-in capital 1,400,000
Retained earnings 500,000
Treasury stock, (120,000 shares) (700,000)
Total stockholders' equity P7.800.000
The book value per ordinary share is
7.
ABC Co. reported this shareholders' equity on December 31,2020:
6% Preference shares P100 par P1,000,000
Ordinary share capital, P100 par 3,000,000
Retained Earnings 950,000
Dividends on preference shares have been paid up to December 31, 2020. IF the preference shares have liquidating value of P105. per share, what is the book value per ordinary share?
8.
8. ABC Co. has authorized share capital of 10,000 8% cumulative preference shares with P100 par value and 20,000 ordinary shares with P100 par value. ABC Co, reported this on December 31,2020: Preference share capital P500,000 Ordinary share capital 1,100,000 Share premium 200,000 Retained Earnings 260,000 Treasury ordinary shares - 1,000 at cost (150,000) Shareholders' equity P1,910,000 Dividends on preference shares are in arrears for 2019 and 2020. What is the book value per ordinary shareStep by Step Solution
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