The shareholder’ equity of M Corp on Dec 31, 2021 follows: 10% Preference share capital P100 par, 45,000 shares P4,500,000 Ordinary share capital, P20 par, 180,000 shares P3,600,000 Preference share premium P1,000,000 Ordinary share premium P900,000 Retained Earnings P5,480,000 Total shareholder’s equity P15,480,000 Preference share are non-cumulative with dividends in arrears for 2 years with a liquidation value of P110. On December 31, 2021, a cash dividend of P500,000 was declared. What is the book value per share of ordinary share capital? A.56 B.120 C,130 D.180

The shareholder’ equity of M Corp on Dec 31, 2021 follows: 10% Preference share capital P100 par, 45,000 shares P4,500,000 Ordinary share capital, P20 par, 180,000 shares P3,600,000 Preference share premium P1,000,000 Ordinary share premium P900,000 Retained Earnings P5,480,000 Total shareholder’s equity P15,480,000 Preference share are non-cumulative with dividends in arrears for 2 years with a liquidation value of P110. On December 31, 2021, a cash dividend of P500,000 was declared. What is the book value per share of ordinary share capital? A.56 B.120 C,130 D.180

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter15: Contributed Capital

Section: Chapter Questions

Problem 16E: Contributed Capital Adams Companys records provide the following information on December 31, 2019:...

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Contributed Capital Adams Companys records provide the following information on December 31, 2019: Additional information: 1. Common stock has a 5 par value, 50,000 shares are authorized, 15,000 shares have been issued and are outstanding. 2. Preferred stock has a 100 par value, 3,000 shares are authorized, 800 shares have been issued and are outstanding. Two hundred shares have been subscribed at 120 per share. The stock pays an 8% dividend, is cumulative, and is callable at 130 per share. 3. Bonds payable mature on January 1, 2023. They carry a 12% annual interest rate, payable semiannually. Required: Prepare the Contributed Capital section of the December 31, 2019, balance sheet for Adams. Include appropriate parenthetical notes.
The shareholder’ equity of L Corp on Dec 31, 2021 follows: 10% Preference share capital P100 par, 45,000 shares P4,500,000Ordinary share capital, P20 par, 180,000 sharesP3,600,000Preference share premium P1,000,000Ordinary share premium P900,000Retained Earnings P5,390,000Total shareholder’s equity P15,390,000 Preference share are cumulative with dividends in arrears for 2 years with a liquidation value of P110. What is the book value per share of preference share capital?
The shareholder' equity of L Corp on Dec 31, 2021 follows: 10% Preference share capital P100 par, 45,000 shares P4,500,000 Ordinary share capital, P20 par, 180,000 shares P3,600,000 Preference share premium P1,000,000 Ordinary share premium P900,000 Retained Earnings P5,390,000 Total shareholder's equity P15,390,000 Preference share are cumulative with dividends in arrears for 2 years with a liquidation value of P110. What is the book value per share of preference share capital?
The shareholder' equity of M Corp on Dec 31, 2021 follows: 10% Preference share capital P100 par, 45,000 shares P4,500,000 Ordinary share capital, P20 par, 180,000 shares P3,600,000 Preference share premium P1,000,000 Ordinary share premium Retained Earnings P5,480,000 Total shareholder's equity P15,480,000 P900,000 Preference share are non-cumulative with dividends in arrears for 2 years with a liquidation value of P110. On December 31, 2021, a cash dividend of P500,000 was declared. What is the book value per share of ordinary share capital?
provided the following shareholders’ equity on December 31, 2021: Preference share capital, 10% P50 par (noncumulative and participating) 1,000,000 Preference share capital, 8% P50 par (cumulative and nonparticipating) 1,500,000 Ordinary share capital, P100 2,500,000 Share premium 500,000 Retained earnings 600,000 Dividends have been paid on the preference share up to December 31, 2018. Book value per ordinary share
provided the following shareholders’ equity on December 31, 2021: Preference share capital, 10% P50 par (noncumulative and participating) 1,000,000 Preference share capital, 8% P50 par (cumulative and participating) 1,500,000 Ordinary share capital, P100 2,500,000 Share premium 500,000 Retained earnings 600,000 Dividends have been paid on the preference share up to December 31, 2018. compute the Book value ordinary share
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
The shareholders' equity of Diamond Corporation on December 31, 2021 follows: Ordinary Share Capital P20 par, 100,000 shares issued P2,000,000 8% Preference Share Capital P50 par, 10,000 shares issued 500,000 Share Premium - Ordinary 200,000 Share Premium - Preference 50,000 Retained Earnings 1,500,000 Total 4,250,000 Compute for the book value per share on preference and ordinary share under each of the following assumptions: a. Preference shares have liquidation value of P60 per share, no dividends in arrears b. Preference shares are cumulative with dividends in arrears for 3 years including the current year, Upon corporate liquidation, shares are preferred as to assets up to par and any dividends in arrears must be paid first before distribution may be made to ordinary shares.
PPP Company provided the following shareholders’ equity on December 31, 2020: Preference share capital, 12% P100 par 1,000,000 Ordinary share capital, P100 par 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, 2018. Questions: 1. Assuming that the preference share is cumulative and fully participating, compute for the book value per ordinary share. 2. Assuming that the preference share is cumulative and fully participating, compute for the book value per preference share.
PPP Company provided the following shareholders’ equity on December 31, 2020: Preference share capital, 12% P100 par 1,000,000 Ordinary share capital, P100 par 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, 2018. Questions: 1. Assuming that the preference share is cumulative and nonparticipating, compute for the book valueper ordinary share. 2. Assuming that the preference share is cumulative and nonparticipating, compute for the book value per preference share.
PPP Company provided the following shareholders’ equity on December 31, 2020: Preference share capital, 12% P100 par 1,000,000 Ordinary share capital, P100 par 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, 2018. Questions: 1. Assuming that the preference share is noncumulative and nonparticipating, compute for the book value per ordinary share. 2. Assuming that the preference share is noncumulative and nonparticipating, compute for the book value per preference share.
Shaina company reported the following shareholders’ equity on December 31, 2019:Preference share capital, 10% cumulative and non participating, P100 par, 10,000 shares P1,000,000Ordinary share capital, P100 par, 20,000 shares 2,000,000Subscribed ordinary share capital, 10,000 shares 1,000,000Subscriptions receivable 250,000Share Premium 500,000Retained Earnings 1,200,000Treasury ordinary shares, 5,000 at cost 400,000 The preference dividends are in arrears for 2017, 2018 and 2019. a. What is the book value per ordinary share? b. What is the book value per preference share?