FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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XYZ Corporation reported the following shareholders equity on December 31, 2021 8% cumulative preference share capital, P50 par, liquidating value P55 per share, 20,000 shares authorized, issued and outstanding Ordinary share capital, P25 par, 200,000 shares authorized, 100,000 shares issued and outstanding Retained Earnings- P400,000 Dividends on preference shares have been paid through 2019 but have not been declared for 2020 and 2021 On December 31, 2021, what is the book value per ordinary share?
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