Reference no: EM132787240
The following account balances appear in the shareholders' equity section of Wendelove Company on December 31, 2018:
Preference share capital, 12% P100 4,000,000
Ordinary share capital, P100 16,000,000
Share premium 8,000,000
Retained earnings 4,000,000
Dividends have been paid on the preference share up to December 31, 2016.
Problem 1: Determine the book value per preference share if the preference share is:
a. cumulative and fully participating
b. noncumulative and non participating
c. cumulative and non participating
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