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Home Q & A Board Other Fields Homework Help Business Accounting
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upton upton
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7 years ago
From the following, determine the book value per share for preferred and common stocks; no dividends are in arrears on the preferred stock.

   Stockholders' Equity
Preferred Stock, 8% cumulative and
   $8 par value, $12 redemption value
   4,000 shares issued and outstanding   $32,000
Common Stock, $1 par value, 30,000 shares
   issued and outstanding   30,000
Retained Earnings   24,000
   ________
   Total Stockholders' Equity   $86,000
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
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keytwokeytwo
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7 years ago
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upton Author
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7 years ago
Thank you, thank you, thank you!
Lourd Jenkins
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Yesterday
this is exactly what I needed
emilyas19
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2 hours ago
Smart ... Thanks!
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