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at the begining of the current year, king cole, inc. had 300,000 shares of capital stockputstanding and total stockholders equity of $1,200,000. During the year
at the begining of the current year, king cole, inc. had 300,000 shares of capital stockputstanding and total stockholders equity of $1,200,000. During the year the company earned net income of $325,000, declared cash dividends of $150,000, distributed a 5% stock dividend of 15,000 shares when the market price of the stock was $16 per share, and purchased 3,000 shares of treasurey stock at a cost of $13 per share. Compute th following: A. total stockholders equity? B. Number of shares of stock outstanding? C. book value per share
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