Common Share ($2.00 par value) $350,000
Capital in Excess of Par 0
Retained Earnings $7,800,000
A. From the information above calculate the corporation's book value per share.
B. Rework the shareholder's equity as it appears on the books if the corporation issues 40,000 new shares of common at $70 per share.© BrainMass Inc. brainmass.com June 4, 2020, 12:36 am ad1c9bdddf
First you need to calculate
No. of Common Share = 350000/2 = 175000
Total Asset = 350000+7800000 = 8,150,000
Book Value per ...
The solution calculates book value per share and then rework stockholders' equity if 40,000 new shares are issued.