During her break time on January 6, 2020, Gina Linetti tried to computethe book values of the
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Question:
On January 7, 2020, the head accountant asked her for the book value per ordinary share on yearend 2019. However, she found out that the preference shares were not non-cumulative and non-participating. She further realized that she accidentally put her accounting records on the paper shredder right after her break time on the previous day.
-How much is the book value per ordinary share assuming the preference shares are cumulative and fully participating?
-How much is the book value per ordinary share assuming the preference shares are non-cumulative and fully participating?
-How much is the book value per ordinary share assuming the preference shares are cumulative and non-participating?
-How much is the book value per ordinary share assuming the preference shares have a liquidation value of P53 and are cumulative and participating up to 4%?
Related Book For
Horngrens Accounting
ISBN: 9780135359785
11th Canadian Edition Volume 2
Authors: Tracie Miller-Nobles, Brenda Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo-Ann Johnston, Peter R. Norwood
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