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The ABC Company began operations in January 2018 and reported the following results for each of its three years of operations: 2018 799,500 net loss 123,000 net loss net income At December 31, 2020, ABC Company's capital accounts were as follows: 8% cumulative preference share capital, 50,000 shares issued and outstanding - P 7,687,500 2019- 2020-2,460,000 Ordinary share capital, 750,000 shares issued and outstanding - P 31,518,750 ABC Company has never paid a cash or bonus issue and there has been no change in its capital accounts since it began operations in 2018. What is the book value per preference share at December 31, 2020? Group of answer choices O 189.44 O 184.50 O 190.65 O 191.65

The ABC Company began operations in January 2018 and reported the following results for each of its three years of operations: 2018 799,500 net loss 123,000 net loss net income At December 31, 2020, ABC Company's capital accounts were as follows: 8% cumulative preference share capital, 50,000 shares issued and outstanding - P 7,687,500 2019- 2020-2,460,000 Ordinary share capital, 750,000 shares issued and outstanding - P 31,518,750 ABC Company has never paid a cash or bonus issue and there has been no change in its capital accounts since it began operations in 2018. What is the book value per preference share at December 31, 2020? Group of answer choices O 189.44 O 184.50 O 190.65 O 191.65

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 99.4C
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MA ▸ 61 pts 3:51 PM The ABC Company began operations in January 2018 and reported the following results for each of its three years of operations: 2018 - 799,500 net loss 123,000 net loss net income At December 31, 2020, ABC Company's capital accounts were as follows: 8% cumulative preference share capital, 50,000 shares issued and outstanding - P 7,687,500 Ordinary share capital, 750,000 shares issued and outstanding - P 31,518,750 2019- 20202,460,000 ABC Company has never paid a cash or bonus issue and there has been no change in its capital accounts since it began operations in 2018. What is the book value per preference share at December 31, 2020? Group of answer choices 189.44 83 184.50 O 190.65 191.65
Transcribed Image Text:MA ▸ 61 pts 3:51 PM The ABC Company began operations in January 2018 and reported the following results for each of its three years of operations: 2018 - 799,500 net loss 123,000 net loss net income At December 31, 2020, ABC Company's capital accounts were as follows: 8% cumulative preference share capital, 50,000 shares issued and outstanding - P 7,687,500 Ordinary share capital, 750,000 shares issued and outstanding - P 31,518,750 2019- 20202,460,000 ABC Company has never paid a cash or bonus issue and there has been no change in its capital accounts since it began operations in 2018. What is the book value per preference share at December 31, 2020? Group of answer choices 189.44 83 184.50 O 190.65 191.65
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