Find the book value per ordinary share at december

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Georgia, Inc. has an authorized capital of 1,000, ?100 par, 8% cumulative preference shares and 100,000, ?10 par, ordinary shares. The equity account balances at December 31, 20x1, are as follows:

Cumulative preference share                        50,000

Ordinary share                                           90,000

Share premium                                                9,000

Retained earnings                                            13,000

Treasury shares, ordinary - 100 shares at cost      (2,000)

Total                                                               160,000

Question 1: Dividends on preferred stock are in arrears for the year 20x1. The book value per ordinary share at December 31, 20x1, should be

Reference no: EM132535139

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