Problem #36 Book Value per Share Lusterio Corporation's ordinary share is currently selling on a stock exchange at P170 per share, and a recent statement of financial position showed the following information: Shareholders' Equity Preference Shares, 5%, P? par value, 1,000 shares authorized, issued and outstanding Ordinary Shares, P? par value, 4,000 shares authorized, issued and outstanding Retained Earnings Total Shareholders' Equitý P100,000 160,000 300,000 P560,000 Required: 1. What is the market value of the ordinary shares? 2. What are the par values of the preference shares and ordinary shares? 3. If no dividends are in arrears, what are the book values per share of the preference and ordinary shares? 4. If two years' preference dividends are in arrears, what are the book values per share of the preference and ordinary shares? 5. If two years' preference dividends are in arrears and the preference shares has a liquidation value of P110 per share, what are the book values per share of the preference and ordinary shares?

Problem #36 Book Value per Share Lusterio Corporation's ordinary share is currently selling on a stock exchange at P170 per share, and a recent statement of financial position showed the following information: Shareholders' Equity Preference Shares, 5%, P? par value, 1,000 shares authorized, issued and outstanding Ordinary Shares, P? par value, 4,000 shares authorized, issued and outstanding Retained Earnings Total Shareholders' Equitý P100,000 160,000 300,000 P560,000 Required: 1. What is the market value of the ordinary shares? 2. What are the par values of the preference shares and ordinary shares? 3. If no dividends are in arrears, what are the book values per share of the preference and ordinary shares? 4. If two years' preference dividends are in arrears, what are the book values per share of the preference and ordinary shares? 5. If two years' preference dividends are in arrears and the preference shares has a liquidation value of P110 per share, what are the book values per share of the preference and ordinary shares?

Corporate Financial Accounting

14th Edition

ISBN:9781305653535

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter12: Corporations: Organization, Stock Transactions, And Dividends

Section: Chapter Questions

Problem 12.3APR: Stock transactions for corporate expansion On December 1 of the current year, the following accounts...

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