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Managerial accounting

Calculate the book value per share:

common stock, $1 par, 100,000 shares authorized-$80,000
additional paid in capital common-60,000
retained earnings-40,000
total contributed capital and retained earnings-180,000
less treasury stock (2,000 common shares at cost)-20,000
total stockholders equity 160,000

Solution Summary

Calculate the book value per share

$2.19