The Seolleongtang Corp

Finance Nov 29, 2020

The Seolleongtang Corp.'s statement of financial position shows total shareholders' equity of P3,150,000 as of December 31, 2020. What is the book value per share, assuming that the company has only 1 class of share capital outstanding consisting of 50,000, P10 par ordinary shares?

. Single choice.

P10.00

P63.00

P70.20

P73.00

Expert Solution

Computation of Book Value per Share:

Book Value per Share = Total Stockholders' Equity / Number of Shares Outstanding

= P3,150,000/50,000

Book Value per Share = P63.00

So, the correct option is 2nd "P63.00".

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