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	300,000
	Common Stock, $25 Par Value		250,000
	Paid-In Capital in Excess of Par Value, Common Stock		50,000
b.	Organization Expenses	180,000
	Common Stock, $25 Par Value		129,000
	Paid-In Capital in Excess of Par Value, Common Stock		51,000
c.	Cash	45,500
	Accounts Receivable	19,500
	Building	82,200
	Notes Payable		59,600
	Common Stock, $25 Par Value		57,600
	Paid-In Capital in Excess of Par Value, Common Stock		30,000
d.	Cash	123,000
	Common Stock, $25 Par Value		77,000
	Paid-In Capital in Excess of Par Value, Common Stock		46,000

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 $783,000?

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?

REQ 2 to 4

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 $783,000?

Book Value per Common Share
Choose Numerator:	/	Choose Denominator:	=	Book Value per Common Share
Stockholders' equity applicable to common shares	/	Number of common shares outstanding	=	Book value per common share
	/		=