The shareholders’ equity accounts of a corporation on December 31, 200G show the following: 6% Cumulative Preference Share Capital, P 100 par P 1,000,000; Ordinary Share Capital, P 50 par 3,000,000; Retained Earnings 700,000. What is the book value for each ordinary share Choices; 50 60 65 65.83
The shareholders’ equity accounts of a corporation on December 31, 200G show the following: 6% Cumulative Preference Share Capital, P 100 par P 1,000,000; Ordinary Share Capital, P 50 par 3,000,000; Retained Earnings 700,000. What is the book value for each ordinary share Choices; 50 60 65 65.83
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The shareholders’ equity accounts of a corporation on December 31, 200G show the following: 6% Cumulative Preference Share Capital, P 100 par P 1,000,000; Ordinary Share Capital, P 50 par 3,000,000; Retained Earnings 700,000. What is the book value for each ordinary share
Choices;
50
60
65
65.83
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