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Radda [10]
3 years ago
15

The balance sheet for Kingbird, Inc. shows the following: total paid-in capital and retained earnings $860,000, total stockholde

rs’ equity $788,400, common stock issued 42,000 shares, and common stock outstanding 36,000 shares.
Required:
Compute the book value per share.
Business
1 answer:
PSYCHO15rus [73]3 years ago
7 0

Answer:

$21.9 per share

Explanation:

Book value per share = Total stockholders’ equity/Common stock outstanding

Book value per share = $788,400 / 36,000

Book value per share = $21.9 per share

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