Question : 141. A company has $2,400,000 in stockholders’ equity, that includes 500 : 1256393

 

141. A company has $2,400,000 in stockholders’ equity, that includes 500 shares of $50 par value noncallable preferred stock outstanding and 250,000 shares of common stock outstanding. Calculate the book value per (1) preferred share and (2) common share.

 

 

142. A company reports the following stockholders’ equity: 

Common stock, $10 par, 500,000 shares authorized

$3,000,000

Contributed capital in excess of par, common stock

1,300,000

Total contributed capital

$4,300,000

Retained earnings

1,400,000

Total stockholders’ equity

$5,700,000

Contributed capital:   Compute the (1) number of common shares outstanding and (2) book value per common share.

 

 

143. The stockholders’ equity section of a company’s year-end balance sheet follows: 

Preferred stock, $100 par value, 9% cumulative and nonparticipating, 5,000 shares outstanding

$500,000

 

Contributed capital in excess of par value, preferred stock

50,000

 

Total capital contributed by preferred stockholders

 

$550,000

Common stock, $5 par value, 150,000 shares outstanding

$750,000

 

Contributed capital in excess of par value, common stock

150,000

 

Total capital contributed by common stockholders

 

900,000

Total contributed capital

 

$1,450,000

Retained earnings

 

1,660,000

Total stockholders’ equity

 

$3,110,000

The preferred stock has a call price of $103 per share plus dividends in arrears. One entire year’s dividends are in arrears. Calculate the book value per (1) preferred share and (2) common share.

 

 

144. A corporation reports the following year-end stockholders’ equity: 

Contributed capital:

 

Preferred stock, 8%, 100,000 shares authorized, 50,000 shares issued

$ 2,500,000

Contributed capital in excess of par, Preferred

125,000

Common stock, $10 par, 500,000 shares authorized, 400,000 shares issued

4,000,000

Contributed capital in excess of par, Common

1,200,000

Total contributed capital

$ 7,825,000

Retained earnings

10,775,000

Total stockholders’ equity

$18,600,000

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.

 

 

145. The stockholders’ equity section of a corporation’s balance sheet follows: 

Preferred stock, $25 par value, 6%, cumulative, 10,000 shares authorized, 5,000 shares issued and outstanding

 

$125,000

Contributed capital in excess of par value, Preferred stock

50,000

Common stock, $10 par value, 50,000 shares authorized, 10,000 shares issued and outstanding

 

100,000

Contributed capital in excess of par value, common stock

40,000

Retained earnings

95,000

Total stockholders’ equity

$410,000

(1) Assuming that the preferred stock is not callable and no dividends are in arrears, compute the book values per preferred share and per common share. (2) Assuming that the preferred stock has a call price of $30 per share and there is one year of cumulative preferred dividends is in arrears, compute the book values per preferred share and per common share.