Please provide solution. 3. Below is the Statement of Financial Position of Camille Corporation for the year 2020.Cash675,000Accounts receivable (net)2,695,000Inventory2,185,000Property, plant, and equipment (net)10,245,000Accounts payable and accrued liabilities1,800,000Income tax payable1,500,000Deferred tax liability750,000Ordinary share (100,000 @ P15 per share)1,500,000Preference share (50,000 @ P20 per share)1,000,000Ordinary share premium3,000,000Retained earnings, January 13,350,000Net sales and other revenue15,000,000Cost and expenses10,000,000Income tax expense2,100,00027,900,00027,900,000a. Supposed that the given values above are the accounting values of the Camille Corporation, what is itsbook value per share?b. Suppose that the market value of property, plant, and equipment of Camille Corporation increased byP3 million while all other assets remain the same. How much is the liquidation value per share of CamilleCorporation?

Given are the financial details of the Camille Corporation.

Below is the Statement of Financial Position of Camille Corporation for the year 2020. Cash 675,000 Accounts receivable (net) 2,695,000 Inventory 2,185,000 Property, plant, and equipment (net) 10,245,000 Accounts payable and accrued liabilities 1,800,000 Income tax payable 1,500,000 Deferred tax liability 750,000 Ordinary share (100,000 @ P15 per share) 1,500,000 Preference share (50,000 @ P20 per share) 1,000,000 Ordinary share premium 3,000,000

Below is the Statement of Financial Position of Camille Corporation for the year 2020. Cash 675,000 Accounts receivable (net) 2,695,000 Inventory 2,185,000 Property, plant, and equipment (net) 10,245,000 Accounts payable and accrued liabilities 1,800,000 Income tax payable 1,500,000 Deferred tax liability 750,000 Ordinary share (100,000 @ P15 per share) 1,500,000 Preference share (50,000 @ P20 per share) 1,000,000 Ordinary share premium 3,000,000

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter17: Corporations: Introduction And Operating Rules

Section: Chapter Questions

Problem 47P

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