Question

intext:"A company has 50,000 shares of common stock outstanding. The stockholders' equity applicable to common shares is $1,470,000, and the par value per common share is $5. The book value per share is"

Answer 1

Answer:

$29.4 per share

Explanation:

A company has 50,000 shares of common stock outstanding

The stockholder's equity that is applicable to common shares is $1,470,000

The per value of common share is $5

Therefore, the book value per share can be calculated as follows

= $1,470,000/50,000

= $29.4 per share

Hence the book value per share is $29.4 per share