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What is the book value of an ordinary share

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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

Reference no: EM132538896

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