Question
Turner Corporation had the following information in its financial statements for the year ended 2014 and 2015: Cash dividends for the year 2015 $ 15,000
Turner Corporation had the following information in its financial statements for the year ended 2014 and 2015:
Cash dividends for the year 2015 | $ 15,000 |
Net income for the year ended 2015 | 130,000 |
Market price of stock, 12/31/15 | 24 |
Common stockholders' equity, 12/31/14 | 2,200,000 |
Common stockholders' equity, 12/31/15 | 2,400,000 |
Outstanding shares, 12/31/15 | 150,000 |
Preferred dividends for the year ended 2015 | 30,000 |
What is the book value per share for Turner Corporation for the year ended 2015?
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Introduction to Management Accounting
Authors: Charles Horngren, Gary Sundem, Jeff Schatzberg, Dave Burgsta
16th edition
978-0133058819, 9780133059748, 133058816, 133058786, 013305974X , 978-0133058789
