Shown Below Is Information Relating to the Shareholders' Equity of Reeve

question 99

Multiple Choice

Shown below is information relating to the shareholders' equity of Reeve Corporation as of December 31, 2009:
$\begin{array}{lr}8 \% \text { non-cumulative preference share, } \$ 100 \text { par } & \$ 600,000 \\\text { Ordinary shares, } \$ 10 \text { par, } 500,000 \text { shares authorized, } 120,000 \text { shares issued } & 1,200,000 \\\text { and outstanding } &\\\text { Share premium: ordinary share } & 600,000 \\\text { Retained earnings (Deficit) } & (60,000) \end{array}$



-Refer to the above data. Book value per share of ordinary shares (rounded to the nearest penny) is:

• A) $30.20 per share.
• B) $29.00 per share.
• C) $31.80 per share.
• D) $38.20 per share.

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Definitions:

Genotype

The genetic constitution of an individual organism, comprising all the hereditary information.

Conception

The process of the sperm fertilizing the ovum, resulting in the formation of a zygote, the earliest developmental stage of the embryo.

Zygote

The initial cell formed when a sperm cell fertilizes an egg cell, marking the beginning of pregnancy.

Chromosomes

Structures within cells that contain DNA and carry genetic information.