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An entity provided the following shareholders' equity at year-end: Ordinary share capital, P100 par, 72,000 shares                      7,200,000 Subscribed ordinary share capital, 12,000 shares                    1,200,000 Subscription receivable                                                              400,000 Treasury shares, 4,000 at cost                                                     600,000 Retained earnings                                                                    2,000,000 What is the book value per ordinary share

An entity provided the following shareholders' equity at year-end: Ordinary share capital, P100 par, 72,000 shares                      7,200,000 Subscribed ordinary share capital, 12,000 shares                    1,200,000 Subscription receivable                                                              400,000 Treasury shares, 4,000 at cost                                                     600,000 Retained earnings                                                                    2,000,000 What is the book value per ordinary share

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
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An entity provided the following shareholders' equity at year-end:
Ordinary share capital, P100 par, 72,000 shares                      7,200,000
Subscribed ordinary share capital, 12,000 shares                    1,200,000
Subscription receivable                                                              400,000
Treasury shares, 4,000 at cost                                                     600,000
Retained earnings                                                                    2,000,000
What is the book value per ordinary share?

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