Sugar Corporation current year statement of financial position reportsthe following shareholders' equity accounts.

8% Preference share capital, P25 par value, 10,000

shares issued and outstandingP250,000

Ordinary share capital, P20 par value, 17,500

shares issued and outstanding350,000

Additional paid in capital125,000

Retained earnings290,000

Dividends are in arrears for 2 years including the current year. If Sugar Corporation were to be liquidated, the preference shareholders would receive par value plus a premium of P25,000.

Q13-14How much is the book value per preference shareand ordinary share if preference is cumulative and non-participating?

Q15-16How much is the book value per preference share and ordinary share if preference is non-cumulative and non- participating?

Q17-18How much is the book value per preference share and ordinary share if preference is cumulative and participating up to 10%?