Solved: At december 31 penny corporation has total stockholders, Accounting Basics

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At december 31 penny corporation has total stockholders

Question - At December 31, Penny Corporation has total stockholders' equity of $5,500,000. There are no shares of preferred stock outstanding. At year-end, 250,000 shares of common stock are outstanding and 20,000 shares are in treasury.

Instructions - Compute the book value per share of common stock. (Round answer to 2 decimal places.)

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Accounting Basics: At december 31 penny corporation has total stockholders

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Accounting Basics: At december 31 penny corporation has total stockholders

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