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.
