Kinkaid Co. was incorporated at the beginning of this year and had 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		235,000
	Paid-In Capital in Excess of Par Value, Common Stock		25,000
b.	Organization Expenses	150,000
	Common Stock, $25 Par Value		128,000
	Paid-In Capital in Excess of Par Value, Common Stock		22,000
c.	Cash	44,000
	Accounts Receivable	19,500
	Building	81,800
	Notes Payable		59,600
	Common Stock, $25 Par Value		55,700
	Paid-In Capital in Excess of Par Value, Common Stock		30,000
d.	Cash	124,000
	Common Stock, $25 Par Value		76,000
	Paid-In Capital in Excess of Par Value, Common Stock		48,000

Required: 2. How many shares of common stock are outstanding at year-end? 3. What is the total paid-in capital at year-end? 4. What is the book value per share of the common stock at year-end if total paid-in capital plus retained earnings equals $792,000?

• Req 2 and 3

How many shares of common stock are outstanding at year-end? What is the total paid-in capital at year-end?

2.	Number of outstanding shares
3.	Total paid-in capital	$

What is the book value per share of the common stock at year-end if total paid-in capital plus retained earnings equals $792,000?

• Req 4

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

Choices for Choose Numerator:

• Number of common shares outstanding
• Retained earnings
• Stockholders' equity applicable to common shares

Choices for Choose Denominator

• Number of common shares outstanding
• Retained earnings
• Stockholders' equity applicable to common shares