The XYZ Corporation's statement of financial position shows the total stockholder's equity of P5,000,000 as of December 31, 2014.

Required:

Compute the book value per share of each class of share capital under each of the following independent assumptions:

1. The company has only one class of shares outstanding: 200,000 ordinary shares, par value of P15.
2. The company has two classes of shares outstanding: 10,000 shares of P100 par preference share capital with a liquidation value of P120 per share and 100,000 shares of P15 par ordinary share capital.

Answer rating: 100% (QA)

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