The Stockholders' Equity section of the December 31, 2017, balance sheet of Eldon Company appeared as follows: Preferred stock, $50 par value, 5,000 shares       authorized, ? shares issued $300,000 Common stock,? par, 10,000 shares authorized,       7,000 shares issued 70,000 Additional paid-in capital—Preferred 10,800 Additional paid-in capital—Common 420,000 Additional paid-in capital—Treasury stock 2,000 Total contributed capital $802,800 Retained earnings 40,000 Treasury stock, preferred, 100 shares (3,500)       Total stockholders’ equity $ ? The per-share book value of the common stock assuming that there are no dividends in arrears and that the preferred stock can be redeemed at its par value

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Analysis of Stockholders' Equity

The Stockholders' Equity section of the December 31, 2017, balance sheet of Eldon Company appeared as follows:

Preferred stock, $50 par value, 5,000 shares
      authorized, ? shares issued
$300,000
Common stock,? par, 10,000 shares authorized,
      7,000 shares issued
70,000
Additional paid-in capital—Preferred 10,800
Additional paid-in capital—Common 420,000
Additional paid-in capital—Treasury stock 2,000
Total contributed capital $802,800
Retained earnings 40,000
Treasury stock, preferred, 100 shares (3,500)
      Total stockholders’ equity $ ?

The per-share book value of the common stock assuming that there are no dividends in arrears and that the preferred stock can be redeemed at its par value
$

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Analysis of Stockholders' Equity

The Stockholders' Equity section of the December 31, 2017, balance sheet of Eldon Company appeared as follows:

Preferred stock, $50 par value, 5,000 shares
      authorized, ? shares issued
$275,000
Common stock, ? par, 10,000 shares authorized,
      8,000 shares issued
80,000
Additional paid-in capital—Preferred 9,900
Additional paid-in capital—Common 480,000
Additional paid-in capital—Treasury stock 1,000
Total contributed capital $845,900
Retained earnings 49,000
Treasury stock, preferred, 100 shares (3,500)
      Total stockholders’ equity $

5.  The average per-share sales price of the common stock when issued
$fill in the blank ___ per share

6.  The cost of the treasury stock per share
$fill in the blank ___ per share

The per-share book value of the common stock assuming that there are no dividends in arrears and that the preferred stock can be redeemed at its par value
$fill in the blank ___ per share

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