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The right side of the balance sheet of the WBC Corp. shows the following: Accounts payable P 100,000 Additional information: Loans payable (18%, 5
The right side of the balance sheet of the WBC Corp. shows the following: Accounts payable P 100,000 Additional information: Loans payable (18%, 5 years) Preferred stock, par P500 Common stock, par P200 280,000 Annual dividend on preferred stock P50 270,000 Market price per share of common stock P 325 325,000 Earnings per share of common stock P81.25 Retained earnings 150,000 Income tax rate 25%
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