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What is the book value per share of ordinary shares

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Reference no: EM132824821

Question - The shareholders equity of Mary corporation on Dec. 31, 2017 shows the following account balances:

10% preference share, 10,000 shares, 100 par 1,000,000

12% preference share, 12,000 shares, 100 par 1,200,000

Ordinary share, 20,000 shares, 40 par 800,000

Share premium 640,000

Accumulated profits 960,000

The 10% preference share is cumulative and fully participating, while the 12% preference share is non-cumulative and fully participating. The last payment of dividends was on Dec. 31, 2015.

Required - What is the book value per share of ordinary shares?

Reference no: EM132824821

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