User Account

All Pages

What the book value per share on ordinary share is

Assignment Help Financial Accounting
Reference no: EM132745381

White Corporation's December 31, 2012 balance sheet reports the following shareholders' equity:

8% Cumulative Preference share capital, P100 par value per share,

10,000 shares issued and outstanding P 1,000,000

Ordinary share capital, P100 par value, 50,000 shares issued and outstanding 5,000,000

Share premium reserve 600,000

Accumulated profits 1,500,000

Problem 1: Dividends are in arrears for 3 years on the preference share capital. If White is to be liquidated, the preference shareholders would receive par value plus a premium of P10 per share. The book value per share on ordinary share is

a. 133.60         c. 136.80

b. 135.20         d. 137.20

Reference no: EM132745381

Questions Cloud

Analyzing the ethical and financial implications : Analyzing the ethical and financial implications of the selected company's LBO transaction: Provide a brief summary of the company
Find what is the book value per share on ordinary share : The last payment of dividend on preference was in December 31, 2010. If preference share is participating, what is the book value per share on ordinary share?
Determine the amount to be capitalized in an asset account : Taxes were 5% of the net purchase price. Delivery terms were FOB shipping point. Determine the amount to be capitalized in an asset account
Organization and marketing strategy to brand organization : Create an organization and marketing strategy to brand an organization.
What the book value per share on ordinary share is : If White is to be liquidated, the preference shareholders would receive par value plus a premium of P10 per share. The book value per share on ordinary share is
What is the diluted earnings per share for the year : The net income for the year ended December 31, 2012 is P640,000. Income tax rate is 32%. What is the diluted earnings per share for the year 2012?
Labor laws protecting both employees and employers : There are various federal and state employment and labor laws protecting both employees and employers.
Calculate the cash cow price : If a company has a current stock price of $78, an EPS of $1.10/share; EPS growth rate of 20%, calculate the cash cow price
How total contributed capital amounted to : At the end of the Berry's first year, total contributed capital amounted to? Issued 5,000 ordinary shares in exchange for a patent valued at P 100,000

Reviews

Write a Review

Financial Accounting Questions & Answers

  What is the advantage of a lease given a discount rate

Usable life of seven years with no salvage value, what is the advantage of a lease given a discount rate of 7 percent and no taxes?

  Prepare entries for accrual adjustments

Prepare entries for accrual adjustments. Prepare the adjusting journal entries required on December 31, 2021. Burke Bros. records adjusting entries on an annual

  Employees vacation benefits-defined benefit pension plan

Regling Company provides its employees vacation benefits and a defined benefit pension plan. Employees earned vacation pay of $35,000 for the period. The pension formula calculated a pension cost of $201,250. Only $175,000 was contributed to the pens..

  Overhead application and job-order costing

Heurion Company is a job-order costing firm that uses a plant wide overhead rate based on direct labor hours

  Decade leading up to the financial crisis

Numerous corporate scandals occurred in the decade leading up to the financial crisis that began in 2007 and lasted into 2009. Pick a specific event (e.g., a scandal or a collapse) and analyze the key players (i.e., corporations and regulators) invol..

  How a differentiation strategy can help a firm to improve

Which of the following is FALSE regarding how a differentiation strategy can help a firm to improve its competitive position vis-Ã - Porter's five forces?

  Make the monthly payments on time

Monthly payments for the 30 year installment Note are $1,610.46. As you continue to make the monthly payments on time you can expect

  What is the budgeted production

Crow Manufacturers, Inc. projected sales of 58,023 bicycles for 2012. The estimated January 1, 2012 inventory is 3,594 units, and the desired December 31, 2012 inventory is 6,476 units. What is the budgeted production (in units) for 2012?

  Prepare journal entries to record each of above transaction

Prepare journal entries to record each of the above transactions. Post the entries to the ledger accounts. Draw up a trial balance at 31 December year 1.

  Prepare the journal entries necessary to account

AC C204 - Advanced Financial Accounting - Prepare the journal entries necessary to account for the power plant for the years

  Extensive experience in accounting for partnerships

Gilliam Corporation recently hired a new accountant with extensive experience in accounting for partnerships. Because of the pressure of the new job, the accountant was unable to review his textbooks on the topic of corporation accounting. During the..

  What earnings per share amounts will be reported

Assuming that all the investments are classified as available-for-sale, use the spreadsheet Journal Entries to prepare the journal entries necessary to classify the amounts into the proper accounts.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd