The following account balances appear in the shareholders’ equity section of Wendelove Company on December 31, 2018: Preference share capital, 12% P100 4,000,000 Ordinary share capital, P100 16,000,000 Share premium 8,000,000 Retained earnings 4,000,000 Dividends have been paid on the preference share up to December 31, 2016.
The following account balances appear in the shareholders’ equity section of Wendelove Company on December 31, 2018: Preference share capital, 12% P100 4,000,000 Ordinary share capital, P100 16,000,000 Share premium 8,000,000 Retained earnings 4,000,000 Dividends have been paid on the preference share up to December 31, 2016.
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter11: Stockholders' Equity
Section: Chapter Questions
Problem 11.3P
Related questions
Question
Book Value Per share
Problem 2 (Adapted)
The following account balances appear in the shareholders’ equity section of Wendelove
Company on December 31, 2018:
Ordinary share capital, P100 16,000,000
Share premium 8,000,000
Dividends have been paid on the preference share up to December 31, 2016.
Determine the book value per preference share if the preference share is:
a. cumulative and fully participating
b. noncumulative and non participating
c. cumulative and non participating
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