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Question - Anna Company presented the following account balances in the shareholders' equity section for the year ended December 31, 2018: Preference share capital, 12% P50 par, P3,000,000, Ordinary share capital, P100 par, P6,000,000 and deficit, (P1,350,000). No dividends have been paid on the preference share since 2016.
Determine the book value per share under the following conditions:
a. Preference share is preferred as to assets.
b. Preference share is preferred as to dividend.
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