Adequate information: 1000 shares of 8% cumulative preferred stock outstanding with Par Value of $ 100 and liquidation Value of $ 110. 20000 shares of common stock outstanding with par value of $20 Retained earnings at beginning of year − $5,000,000 Net Income for the Year - $70,000 No dividend declared To Compute: Book Value per share of Meyer's common stock Introduction: Book value per share is the unit value of common stock of a company based on the its equity available to common shareholders. Book Value is company's assets less its liabilities and intangible assets.

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Chapter 19, Problem 2PS

Summary Introduction

Adequate information:

1000 shares of 8% cumulative preferred stock outstanding with Par Value of $ 100 and liquidation Value of $ 110.

20000 shares of common stock outstanding with par value of $20

Retained earnings at beginning of year − $5,000,000

Net Income for the Year - $70,000

No dividend declared

To Compute:

Book Value per share of Meyer's common stock

Introduction:

Book value per share is the unit value of common stock of a company based on the its equity available to common shareholders. Book Value is company's assets less its liabilities and intangible assets.

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