How do I Compute the book value per share of the common stock, assuming the preferred stock has a call price of $110 per share?
The following stockholders' equity accounts arranged alphabetically are ...
... in the ledger of McGrath Corporation at December 31, 2011. Common Stock ($10 stated value) $1,500,000 Paid-in Capital from Treasury Stock 6,000 Paid-in Capital in Excess of Stated Value-Common Stock 690,000 Paid-in Capital in Excess of Par Value-Preferred Stock 288,400 Preferred Stock (8%, $100 par, noncumulative) 400,000 Retained Earnings 776,000 Treasury Stock-Common (8,000 shares) 88,000
A. Cash $4,500 Common Stock 4,500
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