Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following information were taken from the records of LNS Corporation for the year ended December 31, 2021 Ordinary shares ( 100 par value) P1,000,000

image text in transcribed

image text in transcribed

The following information were taken from the records of LNS Corporation for the year ended December 31, 2021 Ordinary shares ( 100 par value) P1,000,000 Share premium 200,000 Subscribed shares (1,000 shares) 100.000 25.000 Subscription Receivables 250.000 Retained Earnings 33.000 Treasury shares (at cost P110) The Subscription Receivable is to be collected within one year. How much is the book value per share of LNS Corp as at 12/31/2021 Answer Pattern: 150.66 (round off your answer to two decimal places) The following information were taken from the records of LNS Corporation for the year ended December 31, 2021 Ordinary shares ( 100 par value) P1,000,000 Share premium 200,000 Subscribed shares (1,000 shares) 100.000 25.000 Subscription Receivables 250.000 Retained Earnings 33.000 Treasury shares (at cost P110) The Subscription Receivable is to be collected within one year. How much is the book value per share of LNS Corp as at 12/31/2021 Answer Pattern: 150.66 (round off your answer to two decimal places)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

GAO Yellow Book Government Auditing Standar

Authors: Comptroller General United States Government

2011edition

1479245577, 978-1479245574

More Books

Students also viewed these Accounting questions