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 Journal	Debit	Credit
a.	Cash	260,000
	Common Stock, $25 Par Value		250,000
	Paid-In Capital in Excess of Par Value, Common Stock		10,000
b.	Organization Expenses	170,000
	Common Stock, $25 Par Value		128,000
	Paid-In Capital in Excess of Par Value, Common Stock		42,000
c.	Cash	45,500
	Accounts Receivable	15,500
	Building	82,400
	Notes Payable		59,800
	Common Stock, $25 Par Value		53,600
	Paid-In Capital in Excess of Par Value, Common Stock		30,000
d.	Cash	125,000
	Common Stock, $25 Par Value		78,000
	Paid-In Capital in Excess of Par Value, Common Stock		47,000

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 $793,000?

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Req 2 to 4

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 _________

Req 5

What is the book value per share of the common stock at year-end if total paid-in capital plus retained earnings equals $793,000?

Book Value per Common Share
Choose Numerator:	/	Choose Denominator:	=	Book Value per Common Share
	/		=	Book value per common share
	/		=