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Butoxors [25]
3 years ago
15

A company has 5,000 shares of $100 par preferred stock and 50,000 shares of $10 par common stock outstanding. Its total stockhol

ders' equity is $2,000,000. Its book value per common share is:
Business
1 answer:
Elodia [21]3 years ago
7 0

Answer:

30

Explanation:

The first step is to calculate the preferred stock

= 5,000×100

= 500,000

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

= 2,000,000-500,000/50,000

= 1,500,000/50,000

= 30

Hence the book value per common share is 30

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Companies must follow generally accepted accounting principles (gaap) for  international financial reporting standards accounting reports

<h3><u>What are international financial reporting standards ?</u></h3>
  • The International Financial Reporting Standards (IFRS) are a group of accounting guidelines that specify which kinds of transactions and events must be disclosed in financial statements.
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2 years ago
How do i get my grade higher.60-80 and 70-80
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3 years ago
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Answer:

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Explanation:

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Let % money in T bills be x

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What was the amount of credit sales during May? $ 60200

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Account receivable 31200          66400 25000

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