s of December 31: Current Assets- P1,880,000 Current Liabilities- P550,000 Non-current Assets- P2,000,000 Non-current Liabilities- P1,450,000 Outstanding ordinary shares, beginning- 1,200,000 Outstanding ordinary shares, ending- 1,650,000 IamLearning Corporation issued additional 300,000 ordinary shares on June 1 and another 150,000 ordinary shares on Nov 1 as part of its financing plan. What is the book value per share of IamLearning Corporation as of December 31? a. Php1.37 b. Php1.18 c. Php1.34
s of December 31: Current Assets- P1,880,000 Current Liabilities- P550,000 Non-current Assets- P2,000,000 Non-current Liabilities- P1,450,000 Outstanding ordinary shares, beginning- 1,200,000 Outstanding ordinary shares, ending- 1,650,000 IamLearning Corporation issued additional 300,000 ordinary shares on June 1 and another 150,000 ordinary shares on Nov 1 as part of its financing plan. What is the book value per share of IamLearning Corporation as of December 31? a. Php1.37 b. Php1.18 c. Php1.34
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 4PA: Wingra Corporation was organized in March. It is authorized to issue 500,000 shares of $100 par...
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Question
IamLearning Corporation showed the following balances in its financial records as of December 31:
Current Assets- P1,880,000
Current Liabilities- P550,000
Non-current Assets- P2,000,000
Non-current Liabilities- P1,450,000
Outstanding ordinary shares, beginning- 1,200,000
Outstanding ordinary shares, ending- 1,650,000
IamLearning Corporation issued additional 300,000 ordinary shares on June 1 and another 150,000 ordinary shares on Nov 1 as part of its financing plan. What is the book value per share of IamLearning Corporation as of December 31?
a. Php1.37
b. Php1.18
c. Php1.34
d. Php0.94
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