Deer Company has the following amounts in the Stockholders' Equity category of the balance sheet at December

Question:

Deer Company has the following amounts in the Stockholders' Equity category of the at December 31, 2012:
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...