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Menza Company has stockholders' equity accounts as follows: Common stock (100,000 shares @ $10 par value).......................$1,000,000 Additional paid-in capital on common stock.................................. 750,000 Retained earnings.........................................................................
Menza Company has stockholders' equity accounts as follows: Common stock (100,000 shares @ $10 par value).......................$1,000,000 Additional paid-in capital on common stock.................................. 750,000 Retained earnings......................................................................... 600,000 Calculate the amount of book value per share for common stock and summarize briefly what that figure means in relation to the current market value of the stock
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