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Boe Corps stockholders equity at December 31, 2014 is shown as follows: 6% noncumulative preferred...

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Question

Accounting

Boe Corps stockholders equity at December 31, 2014 is shown as follows:

6% noncumulative preferred stock, $100 par (liquidation value $105 per share) $100,000

Common stock, $10 par $300,000

Retained earnings $95,000

Instructions

Compute the book value per share.

Computations:

Book value per share:

Answer & Explanation Solved by verified expert
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