Reference no: EM132868710
Question - Darling Corporation's statement of financial position at December 31, 2021 reports the following shareholders' equity balances:
5% Preference share capital, 50 par, 5,000 shares issued and outstanding 250,000
Ordinary share capital, 25 par value, 20,000 shares issued and outstanding 500,000
Share premium 150,000
Retained earnings 300,000
Dividends are in arrears for two years at December 31, 2021.
Required -
1. If the preference share is cumulative and non-participating what is the book value per ordinary share?
2. If the preference share is cumulative and fully participating and has a liquidation value of 55, what is the book value per ordinary share?
3. If the preference share is non-cumulative but fully participating what is the book value per ordinary share?