Reference no: EM133155335
Question - ABC Company's shareholders' equity at December 31, 2020 consisted of the following:
8% cumulative preference share capital, P50 par liquidating value P55 per share; authorized, issued and outstanding 20,000 shares 1,000,000
Ordinary share capital, P25 par, 200,000 shares authorized; 100,000 shares issued and outstanding 2,500,000
Retained Earnings 400,000
Dividends on preference share have been paid through 2018 but have not been declared for 2019 and 2020.
On December 31, 2020, what is the book value per ordinary share?
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