question archive A corporation reports the following year-end stockholders' equity: Contributed capital: Preferred stock, 8%, 100,000 shares Authorised 50,000 share issued $ 2,500,000 Contributed capital in excess of par, Preferred
A corporation reports the following year-end stockholders' equity: Contributed capital: Preferred stock, 8%, 100,000 shares Authorised 50,000 share issued $ 2,500,000 Contributed capital in excess of par, Preferred
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A corporation reports the following year-end stockholders' equity:
Contributed capital: Preferred stock, 8%, 100,000 shares Authorised 50,000 share issued $ 2,500,000
Contributed capital in excess of par, Preferred. 125,000
Common stock, $10 par, 500,000 shares Authorised , 400,000 share issued 4,000,000
Contributed capital in excess of par, Common .1,200.000
Total contributed capital7,825,000
Retained earnings10.775,000
Total stockholders' equity. 18,600,000
Determine the following:
(1) Par value for the preferred stock.
(2) Book value per share for both preferred stock and common stock assuming a call price per share of $52 for preferred and no dividends in arrears
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