. The total issued and outstanding of GRAPES Company ordinary shares at ₱10 par is 100,000 shares. All of the 100,000 shares were issued at average price of ₱12.50 per share. As of report date, the treasury shares has a balance of ₱150,000. Total liabilities of the corporation is ₱400,000. How much is Its book value?  ₱ 700,000 ₱ 1,000,000 ₱ 850,000 ₱ 1,100,000

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Chapter1: Financial Statements And Business Decisions
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3. The total issued and outstanding of GRAPES Company ordinary shares at ₱10 par is 100,000 shares. All of the 100,000 shares were issued at average price of ₱12.50 per share. As of report date, the treasury shares has a balance of ₱150,000. Total liabilities of the corporation is ₱400,000. How much is Its book value? 

₱ 700,000

₱ 1,000,000

₱ 850,000

₱ 1,100,000

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