22) A company has 34,000 shares of common stock outstanding. The stockholders' equity applicable to common shares is $370,000, and the par value per common share is $10. The book value per share is (rounded):

$10.88

$.09

$9.48

$12.38

$13.38

23) A Company has 490 shares of $50 par value preferred stock outstanding, and the call price of its preferred stock is $90 per share. It also has 20,000 shares of common stock outstanding, and the total value of its stockholders' equity is $690,000. The company's book value per common share equals:

$33.28

$32.30

$33.80

$90.00

$34.36

24) A corporation sold 16,000 shares of its $10 par value common stock at a cash price of $11 per share. The entry to record this transaction would include:

	A credit to Common Stock for $176,000.
	A debit to Cash for $160,000.
	A debit to Paid-in Capital in Excess of Par Value, Common Stock for $16,000.
	A credit to Common Stock for $160,000.
	A credit to Paid-in Capital in Excess of Par Value, Common Stock for $176,000.

25) On August 31, 2010 Victory Corporation's common stock is priced at $30 per share before any stock dividend or split, and the stockholders' equity section of its balance sheet appears as follows. Assume that the company declares and immediately distributes a 15% stock dividend.

Common stock