Question
Winger Corporation had the following information in its financial statements for the year ended 20X8: 5% Cumulative Preferred Stock, $100 par, 4,000 shares issued and
Winger Corporation had the following information in its financial statements for the year ended 20X8:
5% Cumulative Preferred Stock, $100 par, 4,000 shares issued and outstanding 400,000
APIC Preferred Stock 0
Common Stock, $1 par, 160,000 shares issued And outstanding 160,000
APIC Common Stock 840,000
Retained Earnings 500,000
In notes: Pref Stock Dividends in Arrears Two Years
Pref Stock liquidating value per share $104
What is the book value per share of Wingers Common Stock for the year ended 20X8?
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Principles Of Financial Accounting (Chapters 1-17)
Authors: John Wild
25th Edition
1260780147, 9781260780147
