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    Equity Accounts for Clark Manufacturing

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    Following are the equity accounts for Clark Manufacturing.
    Common Stock, $3 Par $ 550,500
    Capital Surplus $ 640,000
    Retained Earnings $ 3,450,000
    Total $ 4,640,500

    a. How many shares are outstanding?
    b. At what average price were the shares sold?
    c. What is the book value per share of Clark stock?

    Problem 2

    The Eastern Reserve Company equity accounts for last year are as follows:
    Common Stock, $2 Par (800 shares outstanding) ?
    Capital Surplus $ 24,000
    Retained Earnings $ 65,000
    Total ?

    a. Fill in the missing numbers.
    b. Eastern decided to issue 850 shares of new stock. The current market price is $27 per share.
    Show the effects of the new issue upon the equity accounts.

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    https://brainmass.com/business/finance/financial-problem-solving-251642

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    MBA 540 Problem Set III
    Please show all work

    Problem I
    Following are the equity accounts for Clark Manufacturing.
    Common Stock, $3 Par $ 550,500
    Capital Surplus $ 640,000
    Retained Earnings $ 3,450,000
    Total $ ...

    Solution Summary

    The solution examines the equity accounts for lark manufacturing.

    $2.19

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