ABC has an authorized capital of P1,000, P100 par, 8% cumulative preference share and 100,000, P10 par, ordinary share. The equity account balance at December 31, 2022 are as follows: Cumulative preference share- 50,000 Ordinary share- 90,000 Share premium- 9,000 Retained earning- 13,000 Treasury shares, ordinary- 100 shares at cost- 2,000 Dividends on preferred stock are in arrears for the year 2022. The book value per ordinary share at December 31, 2022 should be?
ABC has an authorized capital of P1,000, P100 par, 8% cumulative preference share and 100,000, P10 par, ordinary share. The equity account balance at December 31, 2022 are as follows: Cumulative preference share- 50,000 Ordinary share- 90,000 Share premium- 9,000 Retained earning- 13,000 Treasury shares, ordinary- 100 shares at cost- 2,000 Dividends on preferred stock are in arrears for the year 2022. The book value per ordinary share at December 31, 2022 should be?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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ABC has an authorized capital of P1,000, P100 par, 8% cumulative
Cumulative preference share- 50,000
Ordinary share- 90,000
Share premium- 9,000
Treasury shares, ordinary- 100 shares at cost- 2,000
Dividends on preferred stock are in arrears for the year 2022. The book value per ordinary share at December 31, 2022 should be?
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