At December 31, the stockholders’ equity section shows: Ordinary share capital, P10 par value; 2,640,000 shares issued and 2,400,000 shares outstanding: P13,200,000; Share Premium: P2,800,000; Retained earnings: P1,000,000; Treasury shares, (240,000 shares): P1,400,000; Total shareholders’ equity - P15,600,000. How much is the book value per share?
At December 31, the stockholders’ equity section shows: Ordinary share capital, P10 par value; 2,640,000 shares issued and 2,400,000 shares outstanding: P13,200,000; Share Premium: P2,800,000; Retained earnings: P1,000,000; Treasury shares, (240,000 shares): P1,400,000; Total shareholders’ equity - P15,600,000. How much is the book value per share?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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