Question
Pressley Industries records the following in its financial statements as of 12-31-2020 8 % cumulative preferred stock, par value $10 and liquidation value $12. 35,000
Pressley Industries records the following in its financial statements as of 12-31-2020
8 % cumulative preferred stock, par value $10 and liquidation value $12. 35,000 shares authorized. 10,000 share outstanding $80,000
Common Stock, $1 par value, 100,000 shares authorized, 60,000 shares outstanding.
$60,000
Additional paid-in capital $420,000
Retained earnings $510,000
The book value per share of common stock is:
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Public Finance
Authors: Richard W. Tresch
4th Edition
0128228644, 978-0128228647
