The equity section of the balance sheet for Hilton Web-Cams looks like this: Common stock, $0.25 par

Question:

The equity section of the for Hilton Web-Cams looks like this:
Common stock, $0.25 par ........ $400,000
Paid-in capital in excess of par ...... $4,500,000
Retained earnings .......... $1,100,000
a. How many shares has the company issued?
b. What is the book value per share?
c. Suppose that Hilton Web-Cams has made only one offering of common stock. At what price did it sell shares to the market?
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...