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Question
A company had the following stockholders' equity on January 1:
| Common stock $1 par value; 1,200,000 shares authorized, 400,000 shares issued and outstanding | $ 400,000 |
| Contributed capital in excess of par value, common stock | 300,000 |
| Retained earnings | 364,000 |
| Total stockholders equity | $1,064,000 |
On January 10, the company declared a 40% stock dividend to holders of record on January 25, to be distributed January 31. The market value of the stock on January 10 prior to the dividend was $20 per share. What is the book value per common share on February 1?
Answer
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Related questions
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Q:
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Q:
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A. Total cost times markup percentage.
B. Total cost per unit times markup percentage per unit.
C. Total cost per unit divided by markup percentage per unit.
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Q:
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A. Tentative predictions of future outcomes.
B. Perfect predictions of future outcomes.
C. Results from past outcomes only.
D. Results from current outcomes only.
E. Speculation of interest rates and economic performance only.
Q:
If net present values are used to evaluate two investments that have equal costs and equal total cash flows, the one with more cash flows in the early years has the higher net present value.