Answer:
The book value of shares is $10
Explanation:
The balance of shareholders equity is $2,200,000.This comprises of retained earnings of $800,000 and Issued Share Capital of $1,400,000(for 140,000 units of shares)
To ascertain the unit of shares,see below:
45000units= $450,000
15000units reacquired at $150,000
Which also means that $1,100,000 is for 110,000units of shares.
In each of these cases highlighted above share price is $10
for instance:$450,000/45000shares=$10
$150,000/15000=$10 e.t.c
