Equity Accounts Following are the equity accounts for Kerch Manufacturing: BASIC (Questions 17) Common stock, $0.50 par
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Equity Accounts Following are the equity accounts for Kerch Manufacturing:
BASIC
(Questions 1–7)
Common stock, $0.50 par value $ 165,320 Capital surplus 2,876,145 Retained earnings 2,370,025 Total $5,411,490 www.mhhe.com/rwj Chapter 14 Long-Term Financing 421
a. How many shares are outstanding?
b. At what average price were the shares sold?
c. What is the book value per share? LO.1
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