Data from National Corporation's most recent balance sheet appear below: "Preferred stock Common stock, P 150,000 350,000 Additional paid-in capital-common stock, Retained earnings Total stockholders' equity. 360,000 580,000 P1.440.000 **

Data from National Corporation's most recent balance sheet appear below: "Preferred stock Common stock, P 150,000 350,000 Additional paid-in capital-common stock, Retained earnings Total stockholders' equity. 360,000 580,000 P1.440.000 **

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.

Question

A total of 400,000 shares of common stock and 20,000 shares of preferred stock were outstanding at the end of the year. The book value per share is

Data from National Corporation's most recent balance sheet appear below:
Preferred stock.
Common stock.
P 150,000
350,000
Additional paid-in capital-common stock
Retained earnings.
Total stockholders' equity.
360,000
580,000
P1.440.000

Definition Definition Type of stock which is granted priority over dividend distributions as compared to common stockholders. Preferred stocks also do not carry any voting rights. Notably, in a case where a company is going to be liquidated, preferred stockholders have a priority claim on the value of assets of the company as quoted in the balance sheet, as compared to the common stockholders.

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