The equity section of Atrio Inc. showed the following: share premium 6,101, share capitalordinary 925, share capitalpreference

Question:

The equity section of Atrio Inc. showed the following: share premium €6,101, share capital—ordinary €925, share capital—preference €56, retained earnings €7,428, and treasury shares 2,828. (All amounts are in millions.) The preference shares have 557,740 shares authorized, with a par value of €100 and an annual €3.75 per share cumulative dividend preference. At December 31, 557,649 preference shares are issued and 546,024 shares are outstanding. There are 1.8 billion shares of €1 par value ordinary shares authorized, of which 924.6 million are issued and 844.8 million are outstanding at December 31.


Instructions
(a) Prepare the equity section, including disclosure of all relevant data.
(b) Compute the book value per share of ordinary shares, assuming there are no preference dividends in arrears. (Round to two decimals.)

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...
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Related Book For  book-img-for-question

Financial Accounting IFRS

ISBN: 978-1118285909

2nd edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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