Problemblow glass corporation has 100000 shares of stock, Ask an Expert

Accounting

Problem:

Blow Glass Corporation has 100,000 shares of stock outstanding, each with a par value of $2.50 per share. Blow Glass also has another 400,000 shares of stock that are shelf registered. Blow Glass has retained earnings of $9,000,000 and additional paid-in capital of $1,000,000.

Required:

Question: What is Blow Glass's book value per share?

$90.00
$100.00
$27.50
$102.50
$92.50

Note: Provide support for your underlying principle.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91172403

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