Kerch Manufacturing
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Equity Accounts Following are the equity accounts for Kerch Manufacturing:
Common stock,$0.50 par value $ 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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Solution Summary
This solution is comprised of a detailed explanation to determine how many shares are outstanding, average price of sold shares and book value per share.
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Equity Accounts Following are the equity accounts for Kerch Manufacturing:
Common stock,$0.50 par value $ 165,320
Capital ...
Purchase this Solution
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