Problem 18. Book value per share The shareholder’s equity of Dancing Queen Co. in the statement of financial position on December 31, 2014 is as follows: Share capital, P10 par, 110,000 shares P1,000,000 Share premium 500,000 Retained earnings 250,000 Treasury shares 10,000 shares, cost - 50,000 50,000 REQUIRED: Compute the book value per share as of December 31, 2014 of Dancing Queen Co.?
Assuming the dividend declared is P 1,000,000 what will be the allocation of dividends if in case the
Problem 18. Book value per share
The shareholder’s equity of Dancing Queen Co. in the
Share capital, P10 par, 110,000 shares P1,000,000
Share premium 500,000
Treasury shares 10,000 shares, cost - 50,000 50,000
REQUIRED:
Compute the book value per share as of December 31, 2014 of Dancing Queen Co.?
Step by step
Solved in 2 steps
