Homework Answers
| 2 | |||||
| Before | After | ||||
| Book value per share | = | $ 26 | $ 22.807 | ||
| Total Book value of shares | = | $ 19,500 | $ 19,500 | ||
| Workings: | |||||
| Computation of Book value per common share: | |||||
| Book value per share | = | Stockholder's equity / Shares outstanding | |||
| Before | |||||
| Book value per share | = | $1950000 / 75000 | = | $ 26 | |
| Total Book value of shares | = | 750 shares X $26 | = | $ 19,500 | |
| After | |||||
| Book value per share | = | [$1950000 / (75000 X 1.14)] | = | $ 22.807 | |
| Total Book value of shares | = | [(750 shares X 1.14) X $22.807] | = | $ 19,500 | |
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Check my work 3 Required information IThe following information applies to the questions displayed below.) The...
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