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At the beginning of the current year, King Cole, Incorporated had 3 0 0 , 0 0 0 shares of capital stock outstanding and total
At the beginning of the current year, King Cole, Incorporated had shares of capital stock outstanding and total stockholders' equity of $ During the year, the company
Earned net income of $
Declared cash dividends of $
Distributed a stock dividend of shares when the market price of the stock was $ per share
Purchased shares of treasury stock at a cost of $ per share.
Required:
Compute the following at the end of the current year:
A Total stockholders' equity:
B Number of shares of stock outstanding:
C Book value per share:
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