#6 MA ▸ 61 pts3:51 PMThe ABC Company began operations inJanuary 2018 and reported the followingresults for each of its three years ofoperations:2018 - 799,500 net loss123,000 net lossnet incomeAt December 31, 2020, ABC Company'scapital accounts were as follows:8% cumulative preference share capital,50,000 shares issued and outstanding - P7,687,500Ordinary share capital, 750,000 sharesissued and outstanding - P 31,518,7502019-20202,460,000ABC Company has never paid a cash orbonus issue and there has been no changein its capital accounts since it beganoperations in 2018.What is the book value per preferenceshare at December 31, 2020?Group of answer choices189.4483184.50O190.65191.65

Introduction: Preference share holders are those capital providers for the company who receives…

The ABC Company began operations in January 2018 and reported the following results for each of its three years of operations: 2018 799,500 net loss 123,000 net loss net income At December 31, 2020, ABC Company's capital accounts were as follows: 8% cumulative preference share capital, 50,000 shares issued and outstanding - P 7,687,500 2019- 2020-2,460,000 Ordinary share capital, 750,000 shares issued and outstanding - P 31,518,750 ABC Company has never paid a cash or bonus issue and there has been no change in its capital accounts since it began operations in 2018. What is the book value per preference share at December 31, 2020? Group of answer choices O 189.44 O 184.50 O 190.65 O 191.65

The ABC Company began operations in January 2018 and reported the following results for each of its three years of operations: 2018 799,500 net loss 123,000 net loss net income At December 31, 2020, ABC Company's capital accounts were as follows: 8% cumulative preference share capital, 50,000 shares issued and outstanding - P 7,687,500 2019- 2020-2,460,000 Ordinary share capital, 750,000 shares issued and outstanding - P 31,518,750 ABC Company has never paid a cash or bonus issue and there has been no change in its capital accounts since it began operations in 2018. What is the book value per preference share at December 31, 2020? Group of answer choices O 189.44 O 184.50 O 190.65 O 191.65

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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