Problem 11-5A Computing book values and dividend allocations LO C2, A4 [The following information applies to the questions displayed below.] Raphael Corporation’s balance sheet shows the following stockholders’ equity section. Preferred stock—5% cumulative, $___ par value, 1,000 sharesauthorized, issued, and outstanding $ 50,000 Common stock—$___ par value, 4,000 shares authorized, issued,and outstanding 80,000 Retained earnings 150,000 Total stockholders' equity $ 280,000 Problem 11-5A Part 2 2. If no dividends are in arrears at the current date, what is the book value per share of common stock?
Problem 11-5A Computing book values and dividend allocations LO C2, A4 [The following information applies to the questions displayed below.] Raphael Corporation’s balance sheet shows the following stockholders’ equity section. Preferred stock—5% cumulative, $___ par value, 1,000 sharesauthorized, issued, and outstanding $ 50,000 Common stock—$___ par value, 4,000 shares authorized, issued,and outstanding 80,000 Retained earnings 150,000 Total stockholders' equity $ 280,000 Problem 11-5A Part 2 2. If no dividends are in arrears at the current date, what is the book value per share of common stock?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Problem 11-5A Computing book values and dividend allocations LO C2, A4
[The following information applies to the questions displayed below.]
Raphael Corporation’s balance sheet shows the following
authorized, issued, and outstanding |
$ | 50,000 | |
| Common stock—$___ par value, 4,000 shares authorized, issued, and outstanding |
80,000 | ||
| Retained earnings | 150,000 | ||
| Total stockholders' equity | $ | 280,000 | |
Problem 11-5A Part 2
2. If no dividends are in arrears at the current date, what is the book value per share of common stock?
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2. If two years’ preferred dividends are in arrears at the current date and the board of directors declares cash dividends of $11,500, compute the total amount paid to (a) preferred shareholders and (b) common shareholders.
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