Reference no: EM132972103
Question - The equity balances of Nicole Company on December 31, 2023 are:
Ordinary share capital, P100 par, 72,000 shares 7,200,000
Subscribed ordinary share capital, 12,000 shares 1,200,000
Subscription receivable 400,000
Treasury shares, 4,000 at cost 600,000
Retained earnings 2,000,000
Required - What is the book value of ordinary share?
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