Reference no: EM132538896
Nova Company has an authorized share capital of 10,000 8% cumulative preference shares with P100 par value and 20,000 ordinary shares with P100 par value.
The entity reported the following shareholders' equity on December 31, 2019:
Cumulative preference share capital 500,000
Ordinary share capital 1,100,000
Share premium 200,000
Retained earnings 260,000
Treasury ordinary shares- 1,000 at cost (150,000)
1,910,000
Dividends on preference shares are in arrears for 2018 and 2019.
Question 1: What is the book value of an ordinary share?
Question a. 125
Question b. 191
Question c. 133
Question d. 141
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