Reference no: EM133042353
Question - At December 31, the Shareholders' Equity section shows:
Ordinary Share, P 5 par, value 1,320,000 shares issued P 6,600,000
Share Premium-Ordinary P1,400,000
Retained Earnings P 500,000
Treasury Shares, at cost, 120,000 shares P 700,000
Determine the book value per share of Ordinary Share?
a. P6.50
b. P7.08
c. P6.44
d. P5.91
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