Question
Boe Corps stockholders equity at December 31, 2014 is shown as follows: 6% noncumulative preferred stock, $100 par (liquidation value $105 per share) $100,000 Common
Boe Corps stockholders equity at December 31, 2014 is shown as follows:
6% noncumulative preferred stock, $100 par (liquidation value $105 per share) $100,000
Common stock, $10 par $300,000
Retained earnings $95,000
Instructions
Compute the book value per share.
Computations:
Book value per share:
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Financial Accounting
Authors: Charles T. Horngren, Jr. Harrison, Walter T.
2nd Edition
0133118207, 978-0133118209
