Problem #2 (10 points): A corporation reports the following year-end stockholders' equity: Contributed capital: Preferred...
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Accounting
Problem #2 (10 points): A corporation reports the following year-end stockholders' equity: Contributed capital: Preferred stock, 896, 100,000 shares Contributed capital in excess of par, Preferred. Common stock, $10 par, 500,000 shares 125,000 4,000,000 Contributed capital in excess of par, Common .1,200.000 Total contributed capital7,825,000 Retained earnings10.775,000 Total stockholders' equity. Determine the following: (1) Par value for the preferred stock. (2) Book value per share for both preferred stock and common stock assuming a call price per share of $52 for preferred and no dividends in arrears
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