Question
A firm reported current assets of P1,000,000, which can be liquidated at 80 percent of book value. Total liabilities, including preferred stock, equal P270,000. The
A firm reported current assets of P1,000,000, which can be liquidated at 80 percent of book value. Total liabilities, including preferred stock, equal P270,000. The firm has 20,000 shares of ordinary shares outstanding. What is the liquidation value per share of ordinary share?
a.
P40.00
b.
P26.50
c.
P36.50
d.
P50.00
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Principles Of Cost Accounting
Authors: Edward J. Vanderbeck
15th Edition
978-0840037039, 0840037031
