Extracted text: Cy Co. had the following equity balances at the end of its first fiscal year: Preference share capital, P50 par, 6% cumulative, liquidation value P55 Ordinary share capital, P10 par Retained earnings If no dividends are declared, the book value of a share of a preference share is P100,000 200,000 256,000
Extracted text: As of December 31, 2020, the shareholders' equity of Jelly Co. follows: Authorized share capital, 500,000 shares at P10 par value Unissued share capital (50,000 shares) Share premium Treasury shares, 15,000 shares at cost Deficit P5,000,00 500,000 130,000 150,000 277,000 The book value per share is