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During her break time on January 6, 2020, Gina Linetti tried to computethe book values of the 100,000 P50-par preference shares and 125,000 P60-par ordinary
During her break time on January 6, 2020, Gina Linetti tried to computethe book values of the 100,000 P50-par preference shares and 125,000 P60-par ordinary shares of Danao Company as of yearend 2019. She assumed the preference shares were non-cumulative and non-participating. In her calculations, the book value per preference share is P54.50 and per ordinary share is P101.20. The last time that dividends were declared for the preference shares was during 2016.
On January 7, 2020, the head accountant asked her for the book value per ordinary share on yearend 2019. However, she found out that the preference shares were not non-cumulative and non-participating. She further realized that she accidentally put her accounting records on the paper shredder right after her break time on the previous day.
-How much is the book value per ordinary share assuming the preference shares are cumulative and fully participating?
-How much is the book value per ordinary share assuming the preference shares are non-cumulative and fully participating?
-How much is the book value per ordinary share assuming the preference shares are cumulative and non-participating?
-How much is the book value per ordinary share assuming the preference shares have a liquidation value of P53 and are cumulative and participating up to 4%?
On January 7, 2020, the head accountant asked her for the book value per ordinary share on yearend 2019. However, she found out that the preference shares were not non-cumulative and non-participating. She further realized that she accidentally put her accounting records on the paper shredder right after her break time on the previous day.
-How much is the book value per ordinary share assuming the preference shares are cumulative and fully participating?
-How much is the book value per ordinary share assuming the preference shares are non-cumulative and fully participating?
-How much is the book value per ordinary share assuming the preference shares are cumulative and non-participating?
-How much is the book value per ordinary share assuming the preference shares have a liquidation value of P53 and are cumulative and participating up to 4%?
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Book value per Ordinary share for case1 is 5424 Book value per Ordinary share for case2 is 6072 Book ...Get Instant Access to Expert-Tailored Solutions
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