Determining Book Value Per Share From the Above Information, Compute the Following:
(A) Number of to the Shareholders

question 81

Essay

Determining book value per share.
Shown below is information relating to the shareholders' equity of Churchill, Limited:
$\begin{array}{ll}6 \% \text { non-cumulative preference share, } \$ 100 \text { par } & \$ 1,200,000 \\\text { Ordinary share, } \$ 10 \text { par } 1,000,000 \text { shares authorized } & \$ 3,000,000 \\\text { Share premium, ordinary shares } & \$ 6,000,000 \\\text { Deficit (negative retained earnings) } & \$ 1,200,000\end{array}$
From the above information, compute the following:
(a) Number of preference shares issued and outstanding
(b) Average issue price per share of ordinary share
(c) Issued and fully paid capital
(d) Total shareholders' equity
(e) Book value per share of ordinary share

---

Definitions:

Fire Extinguisher

A device used to suppress small fires by discharging a substance that cools the burning material, deprives the flame of oxygen, or interferes with the chemical reactions occurring in the flame.

Oil Immersion

A technique used in microscopy to increase the resolving power by immersing both the objective lens and the specimen in a transparent oil of high refractive index.

Clinical Laboratory Improvement Amendments

Regulations enacted in 1988 to improve the quality of laboratory testing in the United States.

Provider-performed Microscopy Procedures

Diagnostic tests performed directly by healthcare providers using a microscope to examine specimens for disease or abnormalities.