What is the book value per preference share

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Reference no: EM132823715

Question - Tim Company reported the following shareholders' equity on December 31, 2019:

Preference share capital, 10% cumulative and non participating, P100 par, 10,000 shares P1,000,000

Ordinary share capital, P100 par, 20,000 shares 2,000,000

Subscribed ordinary share capital, 10,000 shares 1,000,000

Subscriptions receivable 250,000

Share Premium 500,000

Retained Earnings 1,200,000

Treasury ordinary shares, 5,000 at cost 400,000

The preference dividends are in arrears for 2017, 2018 and 2019.

Required -

a) What is the book value per preference share?

b) What is the book value per ordinary share?

Reference no: EM132823715

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