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What is the book value per share of ordinary share

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Reference no: EM132745387

The shareholders' equity of Orange Company shows the following balances on December 31, 2012:

10% Preference share capital, cumulative and nonparticipating,

P100 par with a liquidation value of P110, 20,000 shares P2,000,000

Ordinary share capital, P100 par, 30,000 shares 3,000,000

Subscribed ordinary shares 1,000,000

Subscription receivable 600,000

Treasury stock, 5,000 shares, at cost, (common) 400,000

Share premium reserve 660,000

Retained earnings 1,360,000

Problem 1: What is the book value per share of ordinary share, assuming preference dividends are in arrears since 2009?

a. 115.50           c. 154.00

b. 132.00          d. 184.80

Reference no: EM132745387

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