FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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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
authorized, issued, and outstanding |
$ | 50,000 | |
Common stock—$___ par value, 4,000 shares authorized, issued, and outstanding |
80,000 | ||
150,000 | |||
Total stockholders' equity | $ | 280,000 | |
Problem 11-5A Part 3
3. If two years’ preferred dividends are in arrears at the current date, what is the book value per share of common stock?
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