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At December 31
At December 31. the stockholders' equity section shows: Common stock. $5 par value; 1.320,000 shares issued and 1,200,000 shares outstanding $6,600,000 Additional paid-in capital 1,400.030 Retained earnings 500,000 Treasury stock, (120,000 shares) =SOL Total stockholders' equity $7,800,000 The book value per share of common stock is a. 55.91. b. $6.50. stockholders equity of cs I outstanding shares of common stock 78030001121:0.000 share c 57 08 :I. $6.44.
Expert Solution
| Computation of Book Value per Share of Common Stock: | |
| Common stock | 6600000 |
| Additional paid-in capital | 1400000 |
| Retained earnings | 500000 |
| Total Equity | 8500000 |
| No. of Equity share outstanding | 1200000 |
| Book Value per share | 7.08 |
So, the correct option is C "$7.08".
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