Kinkaid Co. is incorporated at the beginning of this year and engages in a number of transactions. The following journal entries impacted its stockholders' equity during its first year of operations.

General JournalDebitCredita.Cash270,000Common Stock, $25 Par Value240,000Paid-In Capital in Excess of Par Value, Common Stock30,000b.Organization Expenses190,000Common Stock, $25 Par Value129,000Paid-In Capital in Excess of Par Value, Common Stock61,000c.Cash45,000Accounts Receivable16,500Building82,000Notes Payable60,000Common Stock, $25 Par Value53,500Paid-In Capital in Excess of Par Value, Common Stock30,000d.Cash147,000Common Stock, $25 Par Value77,000Paid-In Capital in Excess of Par Value, Common Stock70,000

Required:

2.How many shares of common stock are outstanding at year-end?

3.What is the amount of minimum legal capital (based on par value) at year-end?

4.What is the total paid-in capital at year-end?

5.What is the book value per share of the common stock at year-end if total paid-in capital plus retained earnings equals $798,000?

What is the book value per share of the common stock at year-end if total paid-in capital plus retained earnings equals $798,000?

How many shares of common stock are outstanding at year-end? What is the amount of minimum legal capital (based on par value) at year-end? What is the total paid-in capital at year-end?

2.Number of outstanding shares

3.Minimum legal capital

4.Total paid-in capital

Book Value per Common Share

Choose Numerator: / Choose Denominator:= Book Value per Common Share/=

/ = Book value per common share/

/ =