he sokholders\' equity section of Montel Company\'s balance sheet follows. This
ID: 2610610 • Letter: H
Question
he sokholders' equity section of Montel Company's balance sheet follows. This year's dividends on 0S 13-13 ietrd stock have been paid and no preferred dividends are in arrears. Determine the book value per Book value per ure of the common stock. common share 14 Preferred stock-5% cumulative, $ 10 par value, 20,000 shares authorized, issued, and outstanding$ 200,000 750,000 900,000 $1,850,000 Common stock-$5 par value, 200,000 shares authorized. 150,000 shares issued and outstanding … …·… Total stockholders' equity
Explanation / Answer
Book value per share of the common stock = Stockholders equity applicable for common shares / Number of common stock outstanding
Book value per share of the common stock = ($900,000+$750,000) / 150,000
Book value per share of the common stock = $11
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