Reference no: EM132925281
Problem - LABAN Company provided the following shareholders' equity on December 31, 2020:
Preference share capital, 12% P100 par 1,000,000
Ordinary share capital, P100 4,000,000
Share premium 2,000,000
Retained Earnings 1,000,000
Dividends have been paid on the preference share up to December 31, 2017.
Required - Compute the book value per ordinary share and per preference share under each of the following conditions with respect to preference share:
a) Cumulative and fully participating
b) Cumulative and fully participating after ordinary share receives 15%
c) Cumulative and participating up to 16%
d) Cumulative and non-participating
e) Noncumulative and non-participating