Book Value per Share Deer Company has the following amounts in the Stockholders Equity category of the

Question:

Book Value per Share Deer Company has the following amounts in the Stockholders’ Equity category of the at December 31, 2010:
Preferred Stock, $100 par, 8%, noncumulative
(liquidation value of $110 per share) ..... $100,000
Paid-In Capital—Preferred .......... 50,000
Common Stock, $5 par ............. 400,000
Paid-In Capital—Common ......... 40,000
Retained Earnings ............... 200,000

Required
Determine the book value per share of the Deer Company stock.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...