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  • Aud1 BVPS 1

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    Gel Bert Jalando-on
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    The document contains financial information for different classes of shares (excess, preference, ordinary) under various dividend participation scenarios: A) Cumulative and fully participating B) Cumulative and fully participating, with ordinary shares receiving 15% first C) Cumulative and participating up to 16% For each scenario it provides dividend amounts, ending balances, total amounts, outstanding shares, and book value per share.

    Original Description:

    AUDITING PROBLEM 1

    Original Title

    AUD1-BVPS-1

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    The document contains financial information for different classes of shares (excess, preference, ordinary) under various dividend participation scenarios: A) Cumulative and fully participating B) Cumulative and fully participating, with ordinary shares receiving 15% first C) Cumulative and participating up to 16% For each scenario it provides dividend amounts, ending balances, total amounts, outstanding shares, and book value per share.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    9 views1 page

    Aud1 BVPS 1

    Uploaded by

    Gel Bert Jalando-on
    The document contains financial information for different classes of shares (excess, preference, ordinary) under various dividend participation scenarios: A) Cumulative and fully participating B) Cumulative and fully participating, with ordinary shares receiving 15% first C) Cumulative and participating up to 16% For each scenario it provides dividend amounts, ending balances, total amounts, outstanding shares, and book value per share.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 1

    E.

    Noncumulative and Non-Participating

    Excess Preference Ordinary


    3,000,000 1,000,000 4,000,000
    Div. 12% - 1 (120,000) 120,000
    Balance 2,880,000
    for OS (2,880,000) 2,880,000
    TOTAL - 1,120,000 6,880,000

    Outstanding Shares 10,000 40,000

    Book Value per Share 112.00 172.00

    D.Cumulative and Non-Participating

    Excess Preference Ordinary


    3,000,000 1,000,000 4,000,000
    Div. PS 12% x 2 (240,000) 240,000
    Balance 2,760,000
    (2,760,000) 2,760,000
    TOTAL - 1,240,000 6,760,000

    Outstanding Shares 10,000 40,000

    Book Value per Share 124.00 169.00

    A. Cumulative and Fully Participating

    Excess Preference Ordinary Total


    3,000,000 1,000,000 4,000,000 5,000,000
    Div. PS -12% x 2 (240,000) 240,000
    Div. OS - 12% (480,000) 480,000
    Balance 2,280,000
    PS (456,000) 456,000
    OS (1,824,000) 1,824,000
    TOTAL - 1,696,000 6,304,000

    Outstanding Shares 10,000 40,000

    Book Value per Share 169.60 157.60

    B.Cumulative and Fully Participating (after OS receives 15%)

    Excess Preference Ordinary Total


    3,000,000 1,000,000 4,000,000 5,000,000
    Div. PS - 12% x 2 (240,000) 240,000
    Div. OS - 15% (600,000) 600,000
    Balance 2,160,000
    PS (432,000) 432,000
    OS (1,728,000) 1,728,000
    TOTAL - 1,672,000 6,328,000

    Outstanding Shares 10,000 40,000

    Book Value per Share 167.20 158.20

    C. Cumulative and Participating up to 16%

    Excess Preference Ordinary


    3,000,000 1,000,000 4,000,000
    Div. PS - 12% x 2 (240,000) 240,000
    Div. OS - 12% (480,000) 480,000
    Balance 2,280,000
    PS (4%) (40,000) 40,000
    OS (2,320,000) 2,320,000
    TOTAL - 1,280,000 6,800,000

    Outstanding Shares 10,000 40,000

    Book Value per Share 128.00 170.00

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