Reference no: EM132898406
Problem - Below is the Stockholders' Equity section of JNJ Enterprise for the year ended 2021.
6% Preferred stock, P100 par value, 15,000 shares authorized, 8,000 shares issued and outstanding P 800,000
Common stock, P5 par value, 200,000 shares authorized,
100,000 shares issued and outstanding 500,000
Additional paid in capital 1,000,000
Retained earnings 276,000
Treasury shares -
Total stockholders' equity P2,576,000
Additional information: Dividend in arrears is for two years
Required -
1. Compute the book value per share for two classes of stock, assume that the preference share has no dividend in arrears.
2. Compute the book value per share if the preference share is cumulative.
3. Compute the book value per share if the preference share is non-cumulative.
4. Compute the book value per share if the preference share has no dividend in arrears.