FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Endless Company provided the following shareholder's equity on December 31, 2021: 

Preference share capital 12% P100 par          1,000,000

Ordinary share capital, P100                           4,000,000

Share premium                                                2,000,000

Retained earnings                                           1,000,000

Dividends have been paid on the preference share up to December 31, 2019.

Required:

Compute the book value per ordinary share and per preference share under each of the following conditions with respect to preference share: 

a. Cumulative and fully participating 

b. Cumulative and fully participating after ordinary share receives 15%

c. Cumulative and participating up to 16% 

d, Cumulative and nonparticipating

e. Noncumulative and nonparticipating 

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