A firm reported current assets of P1,000,000, which can be liquidated at 80 percent of...
60.1K
Verified Solution
Link Copied!
Question
Accounting
A firm reported current assets of P1,000,000, which can be liquidated at 80 percent of book value. Total liabilities, including preferred stock, equal P270,000. The firm has 20,000 shares of ordinary shares outstanding. What is the liquidation value per share of ordinary share?
a.
P40.00
b.
P26.50
c.
P36.50
d.
P50.00
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.