Shares outstanding, average price sold at & book value per share
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Following are equity accounts for Kerch Manufacturing:
Common stock, par value $.50 $ 165,320
Capital Surplus 2,876,145
Retained Earnings 2,370,025
total $ 5,411,490
a. how many shares are outstanding?
b. at what average price were the shares sold?
c. what is the book value per share?
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The solution calculates shares outstanding, average price at which the shares were sold and book value per share.
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Following are equity accounts for Kerch Manufacturing:
Common stock, par value $.50 $ 165,320
Capital Surplus 2,876,145
Retained Earnings 2,370,025
total $ 5,411,490
a. how many shares are outstanding?
b. at what average price were ...
Purchase this Solution
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