1 Riley Company paid cash dividends of P840,000 and reported net income of P2,170,000. The ordinary shareholdersequity at year-end was P7,000,000 and the entity had 280,000 ordinary shares outstanding. What is the book value perordinary share?2 Jacob Company provided the following sharcholders' equity on December 31, 2020:Cumulative preference share capital, P100 par, 8%Ordinary share capital, P100 parShare premiumRetained camingsTreasury ordinary shares - 1,500 at costDividends on preference shares are in arrears for 2019 and 2020. What is the book value of an ordinary share onDecember 31, 2020?P750,0001,650,000300,000390,000(225,000)

Book value of ordinary share is the the total ordinary shareholders equity plus net income less cash…

Riley Company paid cash dividends of P840,000 and reported net income of P2,170,000. The ordinary shareholders equity at year-end was P7,000,000 and the entity had 280,000 ordinary shares outstanding. What is the book value per ordinary share?

Riley Company paid cash dividends of P840,000 and reported net income of P2,170,000. The ordinary shareholders equity at year-end was P7,000,000 and the entity had 280,000 ordinary shares outstanding. What is the book value per ordinary share?

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

Problem 57E: Outstanding Stock Lars Corporation shows the following information in the stockholders equity...

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