Marla Corporation\'s ledger includes the following selected account balances at
ID: 2397402 • Letter: M
Question
Marla Corporation's ledger includes the following selected account balances at December 31, 2012: Paid-in Capital in Excess of Par Value, Common Cash Unearned Revenu Discount on Bonds Payable Retained Earnings Paid-in Capital in Excess of Par Value, Preferred Cash Dividends Payable 560,0 820, 55,000 75,000 300, 100, 80,000 40,000 120, 400,0 900,0 240, reasury Stock, Lommon, 36,000 shares ounts Payable Preferred Stock, 1296 $100 par value, 4,000 shares issued Bonds Payable, 146 Common Stock, $1 par value, 240,000 shares issued How much is the book value per share of common stock at December 31, 2012, assuming the preferred stock's liquidation value is equal to the par value and there are no dividends in arrears? (Round answer to the nearest whole cent.) O $5.71 O $5.69 s5.15 $6.20 none of the above.Explanation / Answer
book value per share =book value /number of shares outstanding
= 1060000/ 204000
= $..5.20
correct option is "E" -none of above
/**shares outstanding = 240000-36000 treasury = 204000
common stock 240000 paid in capital in excess of par -common stock 560000 Retained earning 300000 Treasury stock -common (40000) Book value of common stockholder equity 1060000