Reference no: EM132944103
Question - Data relating to the shareholders' equity of Martin Co. during December 31, 2016 are as follows:
8% Preference share, P 100 par, 40,000 shares 4,000,000
Ordinary share, P40 par, 26,000 shares issued 1,040,000
Treasury ordinary shares (1,000 shares at cost) (70,000)
Retained earnings 7,000,000
Total shareholders' equity 11,970,000
Dividends are in arrears for four years.
Based on the above data, answer the following independent cases:
Case No. 1: Assume that the preference shares are cumulative.
1. How much is the book value per preference share?
2. How much is the book value per ordinary share?
Case No. 2: Assume that the preference shares are cumulative with liquidation value of P105 per share.
3. How much is the book value per preference share?
4. How much is the book value per ordinary share?
Case No. 3: Assume that the preference shares are noncumulative.
5. How much is the book value per preference share?
6. How much is the book value per ordinary share?
Case No. 4: Assume that the preference shares are cumulative and participating.
7. How much is the book value per preference share?
8. How much is the book value per ordinary share?
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