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Determine the book value per preference share

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Reference no: EM132821441

Question - 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. 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

Reference no: EM132821441

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