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Find what is the new book value per share

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Reference no: EM132822709

Problem 1: As of December 15, 2020, ABC Corporation reported Ordinary Shares, 100,000 shares issued and outstanding, P15,000,000; Share Premium, P2,000,000; Retained Earnings, P9,150,000. The next day, the entity received donation P1,000,000 cash and 4,000 of its own shares from a shareholder when the market price is P261.50 per share. What is the new book value per share?

a. P282.81
b. P271.50
c. P293.71
d. P281.96

Reference no: EM132822709

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