You are given the following information: Capital Stock = $80,000 ($80 par) Paid-In Capital in Excess of Par Value - Common = $200,000 Retained Earnings = $400,000 Assuming only one class of stock, the book value per share is: a. $680 b. $280 c. $80 d. $400 e. none of the above

You are given the following information: Capital Stock = $80,000 ($80 par) Paid-In Capital in Excess of Par Value - Common = $200,000 Retained Earnings = $400,000 Assuming only one class of stock, the book value per share is: a. $680 b. $280 c. $80 d. $400 e. none of the above

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

You are given the following information:

Capital Stock = $80,000 ($80 par)

Paid-In Capital in Excess of Par Value - Common = $200,000

Retained Earnings = $400,000

Assuming only one class of stock, the book value per share is:

a. $680

b. $280

c. $80

d. $400

e. none of the above

Definition Definition Remaining net income of the company after the required dividends are paid to shareholders. This surplus money is usually invested back into the business to expand its business operations or launch a new product.

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