An entity provided the following equity balances at year-end: 10% preference share capital, 30,000 shares, par P100 3,000,000 Ordinary share capital, 50,000 shares, par 100 5,000,000 Share premium 1,000,000 Retained earnings 2,000,000 The preference shares have a call price of120, a liquidation price of 115 and dividends have not been paid for 3 years. What is the book value per preference share?

An entity provided the following equity balances at year-end: 10% preference share capital, 30,000 shares, par P100 3,000,000 Ordinary share capital, 50,000 shares, par 100 5,000,000 Share premium 1,000,000 Retained earnings 2,000,000 The preference shares have a call price of120, a liquidation price of 115 and dividends have not been paid for 3 years. What is the book value per preference share?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter16: Retained Earnings And Earnings Per Share

Section: Chapter Questions

Problem 12RE: Given the following year-end information, compute Greenwood Corporations basic and diluted earnings...

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