Problem 2: (Book Value per share with Two Classes of Preference Shares) TINT Corporation presents the following condensed statement of financial position as of the close of the year: Cash ₱ 520,000 Accounts Payable ₱ 550,000 Other Assets 1,333,000 Ordinary Share Capital 550,000 5% Preference Share Capital 330,000 7% Preference Share Capital 220,000 Accumulated Profits 203,000 Total Assets ₱ 1,853,000 Total Equities ₱ 1,853,000 The 5% preference share capital is cumulative, the 7% preference share capital is non-cumulative, but both are fully participating. The par value of all shares is ₱100. Requirements: C. Compute for the book value per share for: 5. Ordinary shares 6.a. 5% Preference shares b. 7% Preference shares
Problem 2: (Book Value per share with Two Classes of Preference Shares) TINT Corporation presents the following condensed statement of financial position as of the close of the year: Cash ₱ 520,000 Accounts Payable ₱ 550,000 Other Assets 1,333,000 Ordinary Share Capital 550,000 5% Preference Share Capital 330,000 7% Preference Share Capital 220,000 Accumulated Profits 203,000 Total Assets ₱ 1,853,000 Total Equities ₱ 1,853,000 The 5% preference share capital is cumulative, the 7% preference share capital is non-cumulative, but both are fully participating. The par value of all shares is ₱100. Requirements: C. Compute for the book value per share for: 5. Ordinary shares 6.a. 5% Preference shares b. 7% Preference shares
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 54E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...
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Problem 2: (Book Value per share with Two Classes of Preference Shares)
TINT Corporation presents the following condensed
Cash ₱ 520,000 Accounts Payable ₱ 550,000
Other Assets 1,333,000 Ordinary Share Capital 550,000
5%
7% Preference Share Capital 220,000
Total Assets ₱ 1,853,000 Total Equities ₱ 1,853,000
The 5% preference share capital is cumulative, the 7% preference share capital is non-cumulative, but both are
fully participating. The par value of all shares is ₱100.
Requirements:
C. Compute for the book value per share for:
5. Ordinary shares
6.a. 5% Preference shares
b. 7% Preference shares
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