Solved: Calculate the corporations book value per share, Accounting Basics

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Calculate the corporations book value per share

Problem:

Common Share ($2.00 par value) $350,000
Capital in Excess of Par 0
Retained Earnings $7,800,000

A. From the information above calculate the corporation's book value per share.

B. Rework the shareholder's equity as it appears on the books if the corporation issues 40,000 new shares of common at $70 per share.

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Accounting Basics: Calculate the corporations book value per share

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