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On December 31, 2019, the total shareholders equity of Hanna Co. amounted to P20,000,000. Throughout...

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Accounting

On December 31, 2019, the total shareholders equity of Hanna Co. amounted to P20,000,000. Throughout the year, the entity had 800,000, P10 par ordinary shares issued and outstanding. On August 31 of the same year, the entity received a subscription for 200,000 ordinary shares at P24 per share. As of the end of the year, P3,000,000 is still unpaid. The entire amount is due on 2020.

compute for the book value per share.

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