Check my work At September 30, the end of Beijing Company\'s third quarter, the
ID: 2390715 • Letter: C
Question
Check my work At September 30, the end of Beijing Company's third quarter, the following stockholders' equity accounts are reported n stock, $12 par value 6 points Commo Paid-in capital in excess of par value, common stock Retained earnings $420,000 110,000 380,000 eBook In the fourth quarter, the following entries related to its equity are recorded: Print Date oct. 2 Retained Earnings General Journal Debit 60,000 Credit Common Dividend Payable 60,000 oct. 25 Common Dividend Payable 60,000 Cash 60,000 oct. 31 Retained Earnings 95,000 Common Stock Dividend Distributable Paid-In Capital in Excess of Par Value, Common Stock 46,000 49,000 Nov. 5 Common Stock Dividend Distributable 46,000 Common Stock, $12 Par Value 46,000 Dec. 1 Memo-Change the title of the common stock account to reflect the new par value of $4 Dec. 31 Income Summary 300,000 Retained Earnings 300,000 Mc Graw KPrev 8 of 8 NextExplanation / Answer
Answer
book value per share before = 2300000 / 55000
= 41.818
book value per share after = 2300000 / 55000 *116 %
=36.050
total book value of share before = 1000 * 41.818
= 41818
total book value of share after = (1000 * 116 % ) * 36.050
= 41818