Compute the book value per share for the preference share

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Question - The Shareholders' Equity section of Green Corporation at December 31, 2019 showed the following: 8% cumulative Preference share capital, P 100 par, liquidating value P110 - P2,000,000; Ordinary Share Capital, P50 par - P2,500,000; Additional Paid In Capital - P 500,000; Retained Earnings - P 1,000,000. During the year, the company earned profit of P 500,000. Compute the book value per share for the Preference share assuming dividends are in arrears for 3 years including the current year. Compute the book value per share for the Ordinary Share Capital.

Reference no: EM133037279

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