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problem: The stockholders' equity section of a corporation's balance sheet follows:

Preferred stock, $25 par value, 5%, cumulative, 10,000 shares

Common stock, $10 par value, 50,000 shares authorized, 10,000 shares issued and outstanding 100,000

Contributed capital in excess of par value, Common stock 40,000

Authorized, 5,000 shares issued and outstanding $125,000

Contributed capital in excess of par value, Preferred stock 50,000

Retained earnings 95.000

Total stockholders' equity $410,000

Suppose that preferred stock has a call price of $30 per share & one year of cumulative preferred dividends in arrears, find out the book values per preferred share and per common share:

Book value per preferred share;

Book value per common share;

Cost Accounting, Accounting

  • Category:- Cost Accounting
  • Reference No.:- M922841

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