Problem 11-5A Computing book values and dividend allocations LO C2, A4   [The following information applies to the questions displayed below.] Raphael Corporation’s balance sheet shows the following stockholders’ equity section.      Preferred stock—5% cumulative, $___ par value, 1,000 sharesauthorized, issued, and outstanding $ 50,000   Common stock—$___ par value, 4,000 shares authorized, issued,and outstanding   80,000   Retained earnings   150,000   Total stockholders' equity $ 280,000       Problem 11-5A Part 3 3. If two years’ preferred dividends are in arrears at the current date, what is the book value per share of common stock?

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Problem 11-5A Computing book values and dividend allocations LO C2, A4

 

[The following information applies to the questions displayed below.]
 
Raphael Corporation’s balance sheet shows the following stockholders’ equity section.
 

   
Preferred stock—5% cumulative, $___ par value, 1,000 shares
authorized, issued, and outstanding
$ 50,000  
Common stock—$___ par value, 4,000 shares authorized, issued,
and outstanding
  80,000  
Retained earnings   150,000  
Total stockholders' equity $ 280,000  
 

 

Problem 11-5A Part 3

3. If two years’ preferred dividends are in arrears at the current date, what is the book value per share of common stock?
 

 

 

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