ABC Co. ‘s shareholders’ equity on December 31,2020 are as follows: 7% preference shares P100 par P3,000,000; Ordinary share capital, 50,000 shares P1,500,000; Donated capital P500,000; Accumulated profits P4,500,000. All preference dividends have been fully paid. If preference shares have total liquidation value of P3,200,000, how much is the book value per ordinary share? A. P125.80 B. P126.00 C. P130 D. P300 E. answer not given
ABC Co. ‘s shareholders’ equity on December 31,2020 are as follows: 7% preference shares P100 par P3,000,000; Ordinary share capital, 50,000 shares P1,500,000; Donated capital P500,000; Accumulated profits P4,500,000. All preference dividends have been fully paid. If preference shares have total liquidation value of P3,200,000, how much is the book value per ordinary share? A. P125.80 B. P126.00 C. P130 D. P300 E. answer not given
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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ABC Co. ‘s shareholders’ equity on December 31,2020 are as follows: 7%
shares P1,500,000; Donated capital P500,000;
P4,500,000. All preference dividends have been fully paid. If preference
shares have total liquidation value of P3,200,000, how much is the book
value per ordinary share?
A. P125.80
B. P126.00
C. P130
D. P300
E. answer not given
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