Reference no: EM133178285
Question - At the beginning of the current year, Trojan company was organized with the following capital structure:
10% cumulative preference share capital, par value P10, liquidation value P12, authorized, issued, and outstanding 100,000 shares, P1,000,000.
Ordinary share capital, par value P100, authorized 40,000 shares, issued and outstanding 30,000 shares, P3,000,000.
The net income for the current year was P6,000,000 and no dividends were declared.
Required -
1. How much is the book value per ordinary share?
A. 290
B. 293
C. 300
D. 333
2. How much is the book value per preference share?
A. 100
B. 130
C. 110
D. 120
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