Reference no: EM133036563
Question - The shareholders' equity of Joyful Corp. on December 31, 2014 shows the following account balances:
10% preference share, 5,000 shares, P100 par 500,000
12% preference share, 6,000 shares, P100 par 600,000
Ordinary share, 10,000 shares, P40 par 400,000
Share premium 320,000
Accumulated profits 480,000
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 December 31, 2012.
What is the book value per share of the 12% preference share?
What is the BV/share of the ordinary shares?